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, research and community for emerging vc fund managers

PROUDLY builT IN USA

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

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

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

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

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

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