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Innovation In Capital Markets

A few years ago, maybe in 2016, we held a discussion of blockchain and crypto technologies at the annual meeting of our limited partners. I recall someone in the audience suggesting that the NYSE and Nasdaq could rebuild their markets [...]  Read more

Digital Dollars

I have written about stablecoins a bunch here at AVC. I believe cryptocurrencies that are not highly volatile are important for use cases like e-commerce. I explained why here . So we need crypto assets that are price stabilized and [...]  Read more

Cliff Vesting

It is very typical that options and RSUs that are issued to new employees upon joining a company will have “one year cliff vesting.” This means that the first year of vesting into your options or RSUs will not happen [...]  Read more

Giving Tuesday

I’m not much for the shopping mania that happens on Black Friday and Cyber Monday, but I do like the idea of taking a day at this time of year to give back. Today is that day. This year is [...]  Read more

Crypto Wallets Are Not Bank Accounts

We learned last week that the US Treasury wants to regulate crypto wallets like bank accounts. On the surface, one can understand that temptation. If people store, send, receive, and sell crypto assets in crypto wallets, then surely they should [...]  Read more

We Will Miss You Arnold

I learned yesterday of the passing of Arnold Waldstein. Arnold was as regular a reader of this blog as there ever was or ever will be. His warmth is what I will remember most. He cared about people. Arnold was [...]  Read more

Funding Friday: Active Shield

I’ve been biking several times a week in NYC this fall and every mask I’ve worn has caused me problems with fogging my glasses and making it harder to breath. I’ve tried a bunch of different masks and nothing works [...]  Read more

Thanksgiving 2020

As years go, 2020 is not one that generates a lot of gratitude in my mind. Global pandemic, racial struggles, millions without jobs, local merchants closing up, a surreal election here in the US, and that is just what comes [...]  Read more