This is well-said. And really, investing is a managed marketplace, with the best platforms doing much more than just providing $$$ and connections to justify take rate. https://twitter.com/joemaruschak/status/1317300719792263170

This is an interesting thread to pull; for instance, there are more LPs (ex. family offices) starting to directly source investments. VCs, could treating your firms like platforms open up new ways to compete as more alternative options materialize?

@PermaVentures, while we only partially do early stage investing, we do think of ourselves as a platform. We’re focused on providing the mix of resources needed (cash, dev, growth, IP, etc) to spark serendipity for founders/partners/investors.