The good part is this helps build your wealth and uh besides building your wealth, you're making an impact. You're leaving a legacy. You're changing things up. And so anybody that can put 2 to 5% of their portfolio into venture capital should be doing that. >> Welcome to So Fabulously, where raw honesty collides with your bank account and a respectable amount of litter. You know, if we had a dollar for every time someone told us that money was the same for LGBTQ plus people and for women, we would have enou ...

Billionaire Steve Cohen’s Point72 is raising its first venture capital fund for clients, seeking to bet on the “urgent” need for defense technology startups. https://t.co/oqoIU2vLrP ...

There's only been one sin and that one sin is zero sum thinking. We always worry about like oh is this defensible? Oh will this layer get margin? Will this layer get value? And the answer has kind of been unilaterally yes. The answer has been every layer has gotten value. Every layer has winners. These markets are so large and they're growing so fast. We're actually seeing brand effects take place in this phase of model scaling. A lot of the approaches to scaling don't generalize. This gives a ton of room f ...

Defense Industry Trends - Increased venture funding for defense startups driven by ongoing conflicts, potentially leading to further innovation [1] - Expectation of a durable trend of increased spending in the defense sector, possibly a continuation of the Cold War or the beginning of World War II [2][3] - NATO member countries are committing to spending 5% of their GDP on defense [3] - Cultural aversion in Silicon Valley towards supporting American defense is diminishing, making the sector more attractive for investment [4] - Market pull for the entire defense supply chain, including startups, is increasing [4][5] Procurement Challenges & Solutions - Both increased overall defense spending and a reallocation towards more efficient, higher-tech defense companies are anticipated [6] - Lengthy procurement cycles (NATO: ~17 years, US DoD: ~7+ years) pose a significant challenge for startups [7] - Efforts are underway to reduce and rationalize procurement cycles to enable startups to participate effectively [8] - Bureaucratic processes and a lack of financial incentives in the military hinder the adoption of innovative solutions from startups [11][12][13][14] Venture Capital & Private Equity Concerns - Illiquidity and lack of distributed capital (DPI) are major crises facing VC and private equity [17][18] - The concept of "private forever" is alarming because the industry depends on long-term liquidity to pay back distributions [20] - Extension of fund lifecycles (from 8 years to 12-15 years) and compression of fees are indicators of the liquidity crisis [21]