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Abundant Capital - Aaron's Essays

blog.aaronkharris.com · 860 words · saved by 1 readers

The venture capital industry was built on the premise that both capital and high quality companies are scarce. For most of the history of the industry, this has been true. I remember sitting at...

Abundant Capital The venture capital industry was built on the premise that both capital and high quality companies are scarce. For most of the history of the industry, this has been true. I remember sitting at demo day in 2011 and marveling at the fact that the combined capital of all the VCs in the room was less than that controlled by the hedge fund at which I had worked. But the model is wrong. Venture capital is abundant, and that fact should fundamentally change how founders fundraise. This scarcity model has shaped the structure of startups and VCs - most of what an early stage startup

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