Fabrica

The Italian Renaissance was a two-century period (15th and 16th) that re-illuminated the Western civilization. The Italian achievements in science, technology, philosophy, exploration and arts (painting, […]

What should be the most significant social trend resulting from the coronavirus lockdowns? ‘Work @ home’, in my opinion. Many companies, such as Facebook, Square and […]

The recently published book “How Innovation Works and Why It Flourishes in Freedom” by Matt Ridley is a gem. It is full of illustrative historical stories […]

Ray Kurzweil coined the term Singularity. On a day to day basis, singularity means a singular event with deep implications. In mathematics, singularity implies infinity, the […]

I highly encourage the reading of the article “VC returns by series: Part I”, by Cameron Stanfill, in PitchBook’s 4Q 2019 digital magazine “Private Market PlayBook”. […]

Liquidation Preference is one of the most important topics on a VC startup term sheet. The Liquidation Preference clause determines who gets their money back — […]

Let’s have a look at how the public market has rewarded some recent IPOs (return to IPO offering price @ 11/1/2019, IPO month): Group 1) Zoom […]

WeWork’s IPO failed miserably. It is now a zombie company with its carrion bonds being avidly shortened by WS hyenas. Lyft’s stock is 45%+ down from […]

Nassim Nicholas Taleb in his “Antifragile – Things That Gain From Disorder” describes an option as Option = Asymmetry + Rationality Asymmetry is a form of […]