25,000 funds now pipe daily financials to Claude, ChatGPT

Ownership percentages don't guarantee exit proceeds when multiple rounds have different terms.

The era of the individual capitalist is replacing scaled knowledge work structures.

Pavel Prata's complete playbook for lean fund operations

Recycling, fee waivers, and notional contributions compared

ICAN Act, DEAL Act would reform LP limits and secondaries

Carta, Aduro, and Vector AIS compared by price and service

Form D data reveals the harsh truth about fundraising in 2026

Quarterly briefings reveal what investors actually care about beyond the hype.

Pavel Prata maps out the complete software toolkit for running a fund efficiently.

Median carry at 15%; fees and carry show 0.08 correlation

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

Best pricing achieved when selling into oversubscribed rounds

NextView co-founder on seed fund strategies amid AI consolidation

LLMs will let individual VCs outperform traditional firms

Response rates jump to 95% when VCs skip mailing lists for personal touch.

The VC leader ditched traditional media for podcasts, AI models, and old books.

Concentration vs. diversification modeled across 7 fund sizes

Management fees taxed at 37%; QSBS protects up to $15M

Mike Dauber argues the leverage model wastes talent and firm time

Dan Gray: fee structures reward delay over honest portfolio marks