Where Are The Opportunities For Venture Capital in Q2-2023 ?

Source: Robert S. Harris, Tim Jenkinson, and Steven N. Kaplan, “How Do Private Equity Investments Perform Compared to Public Equity?” Journal of Investment Management, Vol. 14, №3, Third Quarter 2016, 1–24; Steve Kaplan, “What Do We Know About Private Equity Performance?” Guest Lecture at Miami Herbert Business School, January 31, 2020; Steve Kaplan, “What Do Venture Capitalists Do? How Well Have They Done?” University of Chicago Booth School of Business; FactSet; NAREIT; Refinitiv; and Aswath Damodaran.

In today’s venture capital landscape, there is a lot of pressure for startups to grow quickly and achieve an exit as soon as possible. This often means sacrificing long-term sustainability for short-term gains. However, not all startups want to grow at all costs and may prefer to focus on building a sustainable business.

Enter FAST, or Fungible Asset-backed Security Tokens. FAST is an alternative to traditional venture capital that allows for profit sharing through tokens that can be traded on the Consilience platform. These tokens represent a share of the equity in the portfolio and can be used to pay dividends and exit proceeds to token holders. Thus increasing its liquidity.

One of the key benefits of FAST is that it allows for a more patient and long-term approach to investing — especially for pre-series A because it takes a lot longer to IPO.

Source: NVCA 2010 and 2020 Yearbooks.

Unlike traditional venture capital funds, which have a limited lifespan and are often forced to sell their shares before a company is ready to exit, FAST can be evergreen, allowing managers to build portfolios of sustainable, bootstrapped companies. This suits better any kind of…