Viewpoints


Insights from Fabrica Ventures Team.

February 16, 2020

The Tech Singularity

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 […]
December 5, 2019

Let There Be Light!

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”. […]
November 26, 2019

On Liquidation Preferences

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 — […]
November 4, 2019

What is Tech

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 […]
October 4, 2019

Late Stage VC Four-Quadrant Investment Matrix

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 […]
August 12, 2019

Late Stage VC Optionality

Nassim Nicholas Taleb in his “Antifragile – Things That Gain From Disorder” describes an option as Option = Asymmetry + Rationality Asymmetry is a form of […]
August 10, 2019

Later Stage Conifers

“The Dao of Capital”, by the hedge fund manager Mark Spitznagel, is one of the best ever written books on investing. Spitznagel brilliantly brings the Austrian […]
August 6, 2019

Becoming Alpha

As a continuation of my post “Análise Espectral de Investimentos no Espaço Privado”, here I list the ten main reasons I think the asset class Late Stage […]
May 18, 2019

Análise Espectral de Investimentos No Espaço Privado

Mercados mudam com o tempo, desculpem o chavão. Em 2008, ano da última crise global, o tempo médio de vida das empresas que abriam capital era […]