Oct 14, 2025

by

James Heath

The Case Against VC Fund Reserves: Idle Capital, Worse Returns

Heath: reserves stem from FOMO, not conviction; power law wins

Murph capital is a new media and community for the next generation of emerging managers and allocators

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Murph Capital Digital, LLC. 2026.

Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.