People, Ideas and Capital

Category: VC

Maximum Real Wage

I’ve been throwing around ideas with DA about the debate surrounding the “carried interest loophole” whereby the income from the activity of private equity/VC management is structured in such a way to get capital gains treatment in the tax code. This topic is of great interest to DA as he is seeing, potentially, the door [...]

DST and Y Combinator: A (VC) Industry in Transition

This week’s debate over AngelList(background: link, link), and how VC deals are sourced and evaluated, is just further emphasis that the Venture Capital Industry is in transition. The fundamental forces driving this transition have been playing out for a while now: Lean Startups11.“Cheap revolution,” open source stacks, RoR, etc., Super Angels, a legit secondary market [...]