Platform for venture fund formation and management, home to Dan Gray's venture commentary.
“Odin's new directory spans four decades, from the 1980s through 2026, built to counter an industry running mostly on anecdote.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.
“ZIRP-era fund convergence and its disappointing returns made the case... did this thesis come from visiting a factory or analyzing proprietary data, or just absorbing other investors' takes secondhand?”
Source→“When VC inflows expand, incremental capital primarily funds incumbents. When markets contract, emerging managers bear disproportionate pain.”
“AI-based opportunity screening matched human analyst quality at 537 times the speed, making automated deal flow viable for scaled platform funds pursuing a smart beta index strategy rather than outlier hunting.”
Source→“Dan Gray at Odin wrote a structural critique of how venture capital's fee economics have decoupled from LP returns.”
Source→“Of the 10 companies that raised more than $3B in private markets, only Robinhood shows a slight positive return vs. the S&P 500. A portfolio built on the thesis that large private raises signal quality would be at -120.5% today.”
Source→“The same company held private for 14 years through multiple rounds absorbing ~$1B in VC capital generates $250M in fees, with no improved exit outcome.”
Source→“The newsletter references a longread titled 'The disappearance of the ten-year fund' by Dan Gray of Odin”