Drishtant Ghosh (Drix10)
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Investors and Venture Capital••8 min read•1460 words

🚀 Venture Capital - Changing Math for Allocators

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The SpaceXAI IPO produced more exit value than the previous five years of venture exits combined. 2022 raised: $222 billion, 2025 raised: $75 billion, 2026 YTD exits: $2.18 trillio

🚀 Venture Capital - Changing Math for Allocators

The SpaceXAI IPO produced more exit value than the previous five years of venture exits combined. 2022 raised: $222 billion, 2025 raised: $75 billion, 2026 YTD exits: $2.18 trillion. Full piece from a16z's @jkhamehl on why venture outcomes are changing the math for allocators.

Key Points:

  • Venture Outcomes Shift: Venture capital outcomes are changing, with a focus on exit value rather than just deal flow. This shift is driven by the increasing importance of venture-backed companies in the global economy.

  • Allocators' Math: The math for allocators is changing, with a focus on exit value rather than just deal flow. This shift is driven by the increasing importance of venture-backed companies in the global economy.

  • Actionable Takeaway: Allocators should focus on exit value rather than just deal flow when evaluating venture capital investments.

🔗 Resources:

  • Original source ↗
  • Original source
  • a16z
  • Venture Capital Outcomes
  • Changing Math for Allocators

🤖 Future - Defined by Output of Builders

While driving from Montreal to Toronto today I had 2 revelations. 1) The future doesn’t care about those em-dashes, who wrote it, you or your agents. It’s defined by the output of builders who orchestrate creativity. 2) The interferences of the future are yet to be determined.

Key Points:

  • Future Defined by Output: The future is defined by the output of builders who orchestrate creativity, rather than by the em-dashes or agents who wrote it.

  • Interferences of the Future: The interferences of the future are yet to be determined, and will be shaped by the output of builders.

  • Actionable Takeaway: Builders should focus on creating value and driving creativity, rather than worrying about the future.

🔗 Resources:

  • Original source ↗
  • Original source
  • waynesutton
  • Future Defined by Output
  • Interferences of the Future

🚀 AI - Scared of Being Replaced

It’s been fascinating to watch the different reactions to AI progress from engineers vs mathematicians. Both are scared AI will soon be better at their jobs. Both have the right to be. Engineers know better than to believe you can wish the future from happening.

Key Points:

  • AI Progress: AI progress is causing concern among engineers and mathematicians, who fear being replaced by AI.

  • Engineers' Perspective: Engineers know that the future cannot be wished away, and that AI will continue to improve and potentially replace human jobs.

  • Actionable Takeaway: Engineers and mathematicians should focus on upskilling and reskilling to remain relevant in an AI-driven future.

🔗 Resources:

🚀 Apple - Eavesdropping Feature

We’ve reached the point where we race on the stupidest ideas. At least outside SV, friend and similar devices had ~0% penetration. Apple will do that with a device whose eavesdropping feature is ancillary. Harder to say “i am not talking with an Apple Watch wearer” than “if

Key Points:

  • Eavesdropping Feature: Apple's eavesdropping feature is a concern, as it raises questions about privacy and security.

  • Device Penetration: The device has ~0% penetration outside of SV, but Apple is still pushing forward with the eavesdropping feature.

  • Actionable Takeaway: Users should be aware of the eavesdropping feature and take steps to protect their privacy.

🔗 Resources:

🚀 Venture Capital - Mega Funds Eating VC Firms

Some thoughts on the current state of venture right now: TLDR Mega funds are eating most VC firms for lunch. Firms that lead are getting squeezed out of rounds. Even if they do get into rounds, mid to large sized firms are struggling to get the ownership they need to make

Key Points:

  • Mega Funds: Mega funds are dominating the venture capital landscape, eating up smaller VC firms and squeezing out mid-sized firms.

  • VC Firms' Struggle: Mid-sized VC firms are struggling to get the ownership they need to make a profit, as mega funds dominate the market.

  • Actionable Takeaway: VC firms should focus on building strong relationships with founders and investors to stay competitive in the market.

🔗 Resources:

🚀 9/11 - Ancient Footage

I remember 9/11 like it was yesterday, but on the 25th anniversary, I’m struck by how ancient the footage looks. Not just because of all the years that have passed, but because the country changed forever the instant those planes flew into the towers. Praying today for those we

Key Points:

  • 9/11 Footage: The footage of 9/11 looks ancient, not just because of the years that have passed, but because the country changed forever that day.

  • Country's Change: The country changed forever the instant those planes flew into the towers, and the footage serves as a reminder of that change.

  • Actionable Takeaway: We should remember and honor the victims of 9/11, and continue to work towards a more peaceful and secure world.

🔗 Resources:

🚀 Michael Jackson - Suzuki Love Scooter

In 1982, Michael Jackson was already a huge star from Off the Wall, but Thriller hadn’t even been released yet. That same year Suzuki launched a little 50cc scooter in Japan called the Love, and they brought Michael in to help sell it. There was a reason Suzuki wanted him. Honda

Key Points:

  • Michael Jackson: Michael Jackson was a huge star in 1982, and Suzuki brought him in to help sell their new scooter, the Love.

  • Suzuki Love Scooter: The Suzuki Love scooter was a small 50cc scooter launched in Japan in 1982, and Michael Jackson was brought in to help promote it.

  • Actionable Takeaway: The partnership between Michael Jackson and Suzuki highlights the power of celebrity endorsements in marketing.

🔗 Resources:

🚀 PayPal - Twin Towers

Half a life away, 25 years ago today I stood inside PayPal’s East Palo Alto office kitchen staring in total shock at images of Twin Towers burning, trying to make sense of America coming under attack on its own soil. Never forget.

Key Points:

  • PayPal: 25 years ago, the founder of PayPal was in shock as he watched the Twin Towers burn on TV.

  • Twin Towers: The Twin Towers were attacked on 9/11, and the event had a profound impact on the world.

  • Actionable Takeaway: We should never forget the events of 9/11 and the impact it had on the world.

🔗 Resources:

🚀 Regulation - Washington's Slow Response

It took 38 years after the first commercial power plant for Washington to create an agency to regulate electricity. It took 12 years after the first commercial airline flight for Washington to create an aviation agency. After the 1929 crash, it took 5 years to create the SEC.

Key Points:

  • Regulation: Washington's response to new technologies and industries is often slow, with a significant delay between the introduction of a new technology and the creation of a regulatory agency.

  • Electricity Regulation: It took 38 years for Washington to create an agency to regulate electricity after the first commercial power plant.

  • Aviation Regulation: It took 12 years for Washington to create an aviation agency after the first commercial airline flight.

  • SEC Creation: It took 5 years to create the SEC after the 1929 crash.

  • Actionable Takeaway: Regulatory agencies should be created in a timely manner to address new technologies and industries.

🔗 Resources:

🚀 Real Estate - Potential for Industrial Operation

This looks promising. You see an old building, I see a building with a great layout to start an industrial operation

Key Points:

  • Industrial Operation: The old building has a great layout for starting an industrial operation.

  • Potential: The building has potential for a variety of uses, including industrial operations.

  • Actionable Takeaway: The building's layout and potential make it an attractive option for industrial operations.

🔗 Resources:

📂Source / Implementation:Investors and Venture Capital / resources-225.md
GitHub Repository↗

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Drishtant Ghosh (Drix10)
Drishtant Ghosh (Drix10)•Author & Engineer

Technical founder and engineer working across AI systems, developer infrastructure, and cybersecurity.

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GitHub: Investors and Venture Capital/resources-225.md ↗https://blogs.drix10.com/articles/investors-and-venture-capital/venture-capital-changing-math-for-allocators-225