May 7, 2026

by

Erik Bruckner

The Cost Basis Problem Crushing Pre-Seed Fund Returns

VCs paying 4x more for consensus deals face long-term performance headwinds.

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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.