Jun 4, 2026

Matt O'Connor

How the SEC Accidentally Created the SPV Industrial Complex

Goldman's Facebook workaround became the template for every late-stage deal.

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Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Main

home

Fund of funds

About US

Benchmarks

Research

Funds

Events

Reports

Podcasts

Templates

Soon

SIGNALS

INVESTORS

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Main

home

Fund of funds

About US

Benchmarks

Research

Funds

Events

Reports

Podcasts

Templates

Soon

SIGNALS

INVESTORS

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