VENTURE CAPITAL DOESN'T EXIST

Summary from the TLDR Founders newsletter

What we call 'venture capital' is a conflation of seed stage investing, traditional venture, supercharged growth investing, and previously small-cap growth tech stocks. The more the individual parts are acknowledged, the better off everyone will be. Large capital providers can still deploy capital to all four types of investing. However, founders and funders need to be aware of what game they're playing - the reality is that most genuinely don't know.