Viewpoints

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 […]

“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 […]

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 […]

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 […]

If you are interested in the digital revolution history, “The Innovators” from Walter Isaacson is an excellent book. An easy read and with plenty of inside […]