Venture capital (VC) — the business of buying and selling startup equity — is about to change dramatically. Just as VC disrupts other industries, it looks like VC is about to be disrupted (again). The industry is facing a simultaneous squeeze from above and below, and the key to thriving…

“The joint-stock company and the stock market were … born within just a few years of each other. No sooner had the first publicly owned corporation come into existence with the first-ever initial public offering of shares, than a secondary market sprang up to allow these shares to be bought…

Storm clouds are gathering on Silicon Valley’s placid horizon. From the East comes new antitrust legislation aimed at the tech industry’s giants. New, critical bureaucrats are promising bothersome new rules. From the West (i.e., the Far East, which, of course, is west of Silicon Valley), the Chinese government is hounding…

Power comes in many flavors. For example, relational power differs from structural power. Relational power exists when one player can influence others’ moves in the game. Structural power, by contrast, is the ability to influence the rules of the game itself. …

Public equity and venture-capital-oriented stock are different vehicles for different kinds of investors. Public equity is liquid and heavily regulated. Venture capital (VC) is often less liquid and subject to fewer regulations. Many publicly traded companies are large and well-known, whereas a startup can be just an inventor in his…

When Angela Merkel, Mark Zuckerberg or members of the World Economic Forum want to understand how the technology of the present is shaping the future, they consult Yuval Noah Harari. …

I found myself participating these days in different interviews and video podcasts, answering many questions asked by entrepreneurs and venture capital investors. I’d like to share a few thoughts here as well: How VCs respond: All experienced VCs, including our firm Scale-Up, have already proactively responded to the crisis by…