California is the epicenter of venture capital. That arm of finance is wrapped in a set of practices. This series unwraps the spoke and unspoken assumptions in the paradigm and presents two alternative models.
How old in venture capital? Far less old that you probably think.
Venture capital is a business. How does that business work? Does it work? What assumptions are obvious and which are unspoken and fragile?
There are alternatives to the way California has defined venture capital. Methods that allow for investments in a far wider range of companies. Methods that allow for investing everywhere in the world, not just in the startup hot spots of the world. The first of these alternatives is revenue-based finance.
That is just one alternative. The other is perpetual capital, most commonly structured as an investment holding company, ideally a public company.