Fabrica VC

Insights from Fabrica Ventures Team.

January 29, 2023

Stripe’s Employees Liquidity Headache

Stripe provides the infrastructure for merchants to accept all major forms of digital payments online as well as POS payment solutions. Stripe’s comprehensive product suite and […]
January 20, 2023

I Beg to Differ

Howard Marks of Oaktree Capital has deservedly become a financial guru (plus a billionaire). His memos to Oaktree clients are always memorable. Several parts of his […]
December 29, 2022

Secondary Market Transactions in US VC

Some definitions first: A primary transaction happens when securities are issued and sold directly by a company, while a secondary transaction is when the initial purchaser of a security sells […]
December 16, 2022

Tech stocks @ 3Q2022

Forecasting is a futile exercise since human action is driven by randomness. Nevertheless, given the Fed’s ongoing interest rates hiking and monetary tightening, a recession seems […]
December 11, 2022

Are Insider-Led Rounds Good or Bad?

All figures from PitchBook. Insider-led rounds (ILRs) are defined as new financings for startups that are led by existing investors. In 2022 YTD (up to November […]
December 3, 2022

The Welcomed Venture Growth Stage

All figures from PitchBook. Traditionally, the VC market is segmented in three: Angel & Seed, Early Stage and Late Stage. Late Stage is by far the […]
November 26, 2022

Startup-to-startup M&A

The US M&A activity is stunning; in 2021 it reached $2.75T (1.5x the Brazilian GDP) covering 18.5K deals. The VC-backed M&A activity represents a small subset. […]
November 21, 2022

Fast 500

Every year, and for almost three decades now, Deloitte provides a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies […]
October 28, 2022

Some Sino-Brazilian Similarities

China, the world’s third largest VC market (behind the US and the US-secondaries), is home of 175 unicorns, 14.7% of the world’s total (as of Sept […]