Notes from the book.
Essays on marks, terms and the Reg CF market.
Two of our markups weren’t real
Everything D3VC Fund I learned in two years and 24 Reg CF positions.
A price nobody paid is not a price
How a headline valuation can go up while your shares are worth exactly what you paid, and the rule we adopted so it never fools us again.
Ten Years of Regulation Crowdfunding: What the Data Shows
Four findings from a decade of CCLEAR's transaction record, and what each one means for how we invest.
Portfolio Update: Health Care Originals
An update on one of our recent investments: Health Care Originals, a standout in respiratory health innovation.
Portfolio Update: EarthGrid PBC
A tunnel-boring breakthrough, an $18B joint venture, and a $1M Startup World Cup win. EarthGrid keeps validating the thesis.
How D3VC is Transforming Venture Capital with AI and Data
Our proprietary model, trained on the only complete dataset of online investment transactions, identifies startups with early signals of follow-on financing.
Balancing Rewards and Risks at Seed Stage
Seed-stage venture carries both the highest historical returns and the highest failure rate. How we think about that trade-off.