Founders Fund & Politics
Founders Fund is expected to close its $3 billion third growth fund in late March. The net performance of their early vintages is nothing short of amazing (
).
Compared to the benchmark early Founders Fund vintages delivered double the IRR of the median venture. The median venture fund has underperformed public markets (
).
The median emerging venture fund is struggling (Carta).
Interesting asset allocation at the Harvard endowment, bet they are regretting all that Private Equity exposure (@JessicaNutt96).
The cost to build a condo in Toronto is up 109% in 10 years. Municipal fees are up 238% in that period and developer profits on a unit are down significantly. It’s not the developers benefiting from rising condo prices, it is the municipalities (@MikePMoffatt).
As of 2024 the fertility rate in South Korea is 0.68 births per woman.
200 fertile-age adults → 68 children
68 children → 23 grandchildren
23 grandchildren → 8 great-grandchildren
96% population decline over three generations if unchanged (Apollo).
The emergency measures put in place by the Fed after the SVB collapse have officially run down. The Fed was successful in preventing contagion (@NickTimiraos).
The polarization between white men, no degree and college educated white women in America is quite stark (@RampCapitalLLC).
In Canada, a notable shift is occurring: young voters are increasingly backing the Conservatives, while older generations favor the Liberals, reversing traditional voting patterns. This trend suggests dissatisfaction among young Canadians who are seeking change (@Martyupnorth_2).
The Liberals are now leading betting markets in Canada (Polymarket).
US Congress is older than ever (
).
Even with massive buying from a few entities, Bitcoin ownership is fairly dispersed (@GhostofWhitman).
