Venture Capital: The Culture of Tech Money
A VC fund expects to lose money on most of its bets — that’s the plan, not the failure. Here’s how venture capital really works, pays, and behaves.
Wealth management, taxes, trusts, family offices, banking, alt assets, philanthropy, hedge funds, VC.
A VC fund expects to lose money on most of its bets — that’s the plan, not the failure. Here’s how venture capital really works, pays, and behaves.
Big-donor philanthropy is less about giving than structuring. A foundation must pay out 5% a year; a donor-advised fund needs to pay out nothing. Here’s how the money, status, and influence actually move.
A trust isn’t one thing. The kind most people get skips probate but protects nothing; the kind that moves real wealth works only because you give up control. Here’s which does what.
Private banking isn’t fancy checking. At J.P. Morgan and Citi the real minimum is now around $10 million — and the perk that matters is cheap credit, not better deposit rates.
How money is migrating to Asia and the Gulf — why Singapore, Dubai, and Hong Kong compete for the world’s fortunes, what each offers, and the catch nobody advertises.
Falls from grace — how great fortunes collapse through bankruptcy, fraud, and reversed luck. Batista, Madoff, Holmes, FTX, Lehman, and the four trapdoors that recur every era.
How hedge funds and private equity actually make money — 2-and-20, carried interest, and how partners turn a fund into a personal fortune. Plus whether the model still works.
Does wealth really vanish in three generations? The real data on the 70/90 rule, the Vanderbilt collapse, and how the Rockefellers and Waltons engineered fortunes that lasted.