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The venture capital model of the last two decades, characterized by the "30-minute rule" and the race to a quick IPO, is obsolete. We are witnessing a fundamental decoupling of capital from geography and a restructuring of how liquidity is manufactured. In this episode, Andrew Romans of 7BC Venture Capital argues that we have entered a new era where geopolitical friction is forcing a renaissance in hard tech, hedge funds have permanently altered the growth stage, and the "Series A" playbook has been rewritten by the realities of a market where companies stay private indefinitely.
Highlights
- 01:05 Why 30 Firms Control the Market
- 09:49 "Stay Private Forever" & The Secondary Market
- 19:51 Geopolitics, Supply Chains, & Defense Tech
- 30:30 Hedge Fund Tourists & Founder-Led VCs
- 37:11 The Death of the "30-Minute Rule"
- 47:35 Beyond "Silicon Hills"
Guest Links
Andrew Romans: LinkedIn, X
7BC Venture Capital
Fireside with a VC: Apple, Spotify, YouTube
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Austin Next Links: Website, X/Twitter, YouTube, LinkedIn
Ecosystem Metacognition Substack
167 episodes