Dan Gray on X: "Venture Trifurcation: How Secondaries Could Reshape Allocation, Returns, and Market Structure" / X

To view keyboard shortcuts, press question mark View keyboard shortcuts Messages Home Explore Notifications Messages Grok Bookmarks Communities Premium Verified Orgs Profile More Post shiv @_shivsid Article See new posts Conversation Dan Gray @credistick Venture Trifurcation: How Secondaries Could Reshape Allocation, Returns, and Market Structure 8 6 39 27K Venture Capital — as we have known it — is a young industry in need of transformation, potentially moving away from a monolithic model towards a more specialized, tripartite structure. Pressures from extended holding periods, a constrained exit environment, and increasing focus on DPI are driving this transition. This report posits that the maturation and growing influence of the secondary market could allow the venture market to mature, leading to the emergence of: focused, high-multiple early-stage "Venture Capital" funds (Seed-Series C); scaled, PE-like "Venture Growth" funds (Series C+); and dominant, multi-stage "Venture Banks"

To view keyboard shortcuts, press question mark View keyboard shortcuts Messages Home Explore Notifications Messages Grok Bookmarks Communities Premium Verified Orgs Profile More Post shiv @_shivsid Article See new posts Conversation Dan Gray @credistick Venture Trifurcation: How Secondaries Could Reshape Allocation, Returns, and Market Structure 8 6 39 27K Venture Capital — as we have known it — is a young industry in need of transformation, potentially moving away from a monolithic model towards a more specialized, tripartite structure. Pressures from extended holding periods, a constrained