Founders AI Benchmarking Is Broken We should take AI models seriously, which means taking their evaluation seriously
Founders The Venture Activity Index – Q4 2023 Capital deployment remains depressed, sitting about 50% below trend
Founders The Series A Bust Investors have lost faith in Series A as a sign of product-market fit. In other words, they expect more but believe less.
Developers How Redpanda is Taking Data Streaming Mainstream Monitoring that even (Franz) Kafka would approve of
Founders The Shadow Price of Venture Capital Valuations are 60% too high relative to the volume of venture funding
Investors We Don't Have Nearly Enough Startups Where did the explosive growth in venture activity come from?
Investors It's Valuations (Almost) All the Way Down Venture funding hasn't grown as much as you think
Founders Beats and Misses Are Forever Revenue surprises permanently shift the trajectory of SaaS companies
Founders COVID Hurt Most Software Companies COVID put software companies on a permanently lower growth trajectory.
Investors The Dark Matter of Software Valuations Exploring the vast "dark matter" of the software universe
Founders Series A Rounds Are a Math Test Low monetization requires extraordinary traction, and vice versa.
Founders Funding Simply Shifts the Bottleneck A frothy funding environment means more competition for talent. Funding gets easier; hiring gets harder.
Investors Breaking Apart the Rule of 40 Rules are meant to be broken, and the Rule of 40 is no exception
Founders Schrodinger's Balance Sheet: When Equity Becomes a Liability Preferred equity exists in a constant state of quantum superposition. It's neither equity nor debt, until it is.
Investors Introducing a New and Improved SaaS Metric: Weighted ACV ACV isn't as useful a concept as people think. We need a different SaaS monetization metric.
Investors Companies Rarely Grow Into Their Valuations Companies don't catch up to their valuations; their valuations catch up to them.
Developers WebAssembly-ing the Pieces: Vectorized’s Data Policy Engine Rather than ship data to code, which is expensive and latency-prone, why not ship code to the data?
Founders You Can't Eat Relative Growth In startup land, we talk way too much about relative growth. We'd do better to ground our thinking in absolute growth.
Investors Do Wealthy Investors Have an Edge? The super-rich earn more on their investments than the rest of us. Something nefarious, or something else?
Founders PhDs Aren't Starting Companies Like They Used To The burden of scientific knowledge and managerial complexity is crushing our best and brightest.
