Fabrica VC

Value creation in technology is increasingly concentrated in private markets. Consider this: the five largest private technology companies—Anthropic, OpenAI, Databricks, Stripe, and Waymo—have a combined valuation […]

Wall Street seems to believe Accenture (ACN: NYSE) is in trouble. Its stock has declined significantly year-to-date, reflecting growing concerns that AI could disrupt the traditional […]

Intercom — now officially called Fin, after its AI customer service agent — is a leading customer support platform. As previously announced, Salesforce (NYSE: CRM) acquired […]

One of the themes that has come up repeatedly during our Fund III roadshow is the changing role of liquidity in venture capital. Company-sponsored tender offers […]

One of the themes that has come up repeatedly during our Fund III roadshow is the changing role of liquidity in venture capital. Company-sponsored tender offers […]

Something important has changed in the US private secondary market since 2024, both in volume and in the quality of deal flow. There are now 950+ […]

Packed around a table this week at Wayfare Tavern in San Francisco’s Financial District, only two things were being talked about: the 20% increase in rents […]

There has been much talk about “circular financing” in AI — usually presented as yet another piece of evidence that the industry is in a bubble. […]

“A financial bubble occurs when optimism about future growth drives asset prices to levels that become increasingly difficult to justify by reasonable expectations of future economic […]