Apr 20, 2026

by

Lucas Vaz

The Thousand-X Return Era Is Over, And Seed Investors Need To Adapt

Exploding valuations and dilution are compressing multiples for early backers

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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

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

Substack

Linkedin

X

Main

home

Podcasts

Templates

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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

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

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Soon

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