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National Capitalism
Venture capital as a productive tool for state and industry
Mar 29
•
Dan Gray
29
3
6
30,000 Feet Above the Venture Market
Why small and emerging managers are paying the price for a downturn they didn’t cause
Mar 22
•
Dan Gray
16
2
Protestant Capital
1517 Fund's partners have an exceptional history of generating alpha through renegade techno-patronage. It's as wild as it sounds.
Mar 15
•
Dan Gray
23
3
Hitting Escape Velocity
Venture capital’s “exit” is only the beginning for generational companies
Mar 8
•
Dan Gray
16
2
Nobody's Darlings
Analysing one of venture capital's premiere debut funds: Mucker Capital Fund 1
Mar 1
•
Dan Gray
18
1
3
February 2026
No Crying in the Casino
How financialisation taps into our gambling gene - and damages economic productivity
Feb 22
•
Dan Gray
32
8
9
In Support of the Current Thing
I need to say something that might be uncomfortable.
Feb 15
•
Dan Gray
20
4
1
Too Big to Succeed
Emerging Managers in Venture Capital are underfunded. They deliver better financial results and are also important drivers of human progress
Feb 8
•
Dan Gray
22
3
Investing in AI Rollups
Software is finally eating services - what does a successful investment in this space look like?
Feb 1
•
Patrick Ryan
17
January 2026
The Origins of Alpha
The Emerging Manager’s Guide to Origination
Jan 25
•
Dan Gray
27
6
6
The Reserves Paradox
The Emerging Manager's Guide to Reserves in Venture Capital
Jan 14
•
Dan Gray
11
4
2
Last chance saloon
There has never been a better time to start building an investment firm or a company. In fact, everything you hold dear depends on it.
Jan 13
•
Patrick Ryan
6
1
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