The venture capital model of the last two decades, characterized by the "30-minute rule" and the race to a quick IPO, is obsolete. We are witnessing a fundamental decoupling of capital from geography and a restructuring of how liquidity is manufactured. In this episode, Andrew Romans of 7BC Venture Capital argues that we have entered a new era where geopolitical friction is forcing a renaissance in hard tech, hedge funds have permanently altered the growth stage, and the "Series A" playbook has been rewritten by the realities of a market where companies stay private indefinitely.
Highlights
01:05 Why 30 Firms Control the Market
09:49 "Stay Private Forever" & The Secondary Market
19:51 Geopolitics, Supply Chains, & Defense Tech
30:30 Hedge Fund Tourists & Founder-Led VCs
37:11 The Death of the "30-Minute Rule"
47:35 Beyond "Silicon Hills"
Guest Links
Andrew Romans: https://www.linkedin.com/in/romans/, https://x.com/romansventures
7BC Venture Capital: https://www.7bc.vc/
Fireside with a VC: https://podcasts.apple.com/us/podcast/fireside-with-a-vc/id1513483188, https://open.spotify.com/show/57V2XYhekz5ETiOwtanWIn?si=8354ca2159e14daa&nd=1&dlsi=bdf7d6d3b16a4da0, https://www.youtube.com/c/AndrewRomansVC/videos
#VentureCapital #AustinTech #Liquidity
