Every Saturday

Capital

A portfolio page counts logos. We count positions. Every entry carries a round and a role, so a lead cheque and a late participation are never drawn the same way, and the syndicate structure underneath a category becomes visible.

0 published

52 scheduled in total

The first item publishes shortly

The calendar below shows what is coming and when.

Positions, not logos

Five roles

Role	How it is drawn
Lead	Solid. The firm authored the round
Co-lead	Solid. Shared authorship
Participant	Outlined. Present, not authoring
Follow-on only	Grey. Came in after the thesis was set
Seed or pre-seed only	Outlined, marked. Early and not since

A firm that led the A and joined the B and C is one position at role Lead, not three. Backed is reserved for lead and co-lead.

The calendar

52 scheduled

Capital12 Sep 2026

The weekly

Six pieces of research a week. One email on Sunday.

An organisation mapped, a failure documented, a category defined, an obligation explained, a company running AI in production, and an investor mapped by position. Free, and the archive is public.

Capital

0 published

The first item publishes shortly

Positions, not logos

The calendar

Andreessen Horowitz

Insight Partners

SoftBank Vision Fund

Peak XV Partners

Thoma Bravo

Sequoia Capital

Nvidia NVentures

General Catalyst

Thrive Capital

Vista Equity Partners

Lightspeed Venture Partners

Salesforce Ventures

Index Ventures

ICONIQ Capital

Accel

Silver Lake

Menlo Ventures

Prosus and Naspers

Bessemer Venture Partners

Tiger Global

Khosla Ventures

Blackstone

Founders Fund

Temasek

Six pieces of research a week. One email on Sunday.