Viewpoints

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 […]

One of the key variables a VC fund evaluates when investing in a startup is its TAM — Total Addressable Market. A great team can execute […]

Who is the GOAT of tennis? Djoko, Federer, or Nadal? It depends on how you measure greatness. Each represents a different dimension of excellence. Djoko owns […]

Based on my presentation at SP2B in São Paulo on August 10, 2026. Who will own the next enterprise software moat? The answer may define the […]

Jim Collins’ Good to Great belongs in the pantheon of the greatest management books ever written. Collins set out to answer a simple question: why do some good […]

As we prepare for the launch of Fabrica Ventures Fund III, we decided to publish our investment thesis as a short booklet. We hope it becomes […]

PE firms used to be associated with billion-dollar corporate buyouts. More recently, however, they have been consolidating HVAC businesses, dental practices, veterinary clinics, car washes, and […]