Mar 13, 2026

Nicolai Rasmussen

The Math on Venture Capital Is Broken and About to Reshape the Asset Class

Many funds hitting 1x DPI can't meet required 20-23% returns, pushing toward venture studio models.

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

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Substack

Main

home

Podcasts

Templates

Data

Funds

Events

Reports

Soon

about us

Community

Store

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

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Substack

Main

home

Podcasts

Templates

Data

Funds

Events

Reports

Soon

about us

Community

Store

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