Our Essays
A selection of our musings on company building and data science.
A selection of our musings on company building and data science.
Venture capital restarts: Navigating the funding desert to unlock extreme value
In the current venture capital landscape, a phenomenon known as the "funding desert" is reshaping how investors and startups interact.
Thriving in a desert: Kapital’s evolution building fintech in a capital-scarce world
Today we examine Kapital, an emerging market fintech company focused on serving LatAm SMEs, that we believe exemplifies a new generation of fintechs that have discovered how to thrive in a capital-scarce world.
Crossing the Desert
Download a PDF of this report Global venture ecosystems are deep in the fundraising desert. Our “Weather Report” measures the supply of Venture Capital relative to the demand. Our indicator suggests we are about 1/3 of the way through the desert, where we expect maximum restructuring (strategy, capital, and talent) to hit in 12-18 months. We estimate that there is currently an...
The Pathway to 1B Indian Consumers: Shiprocket’s E-commerce Revolution
When LPs, entrepreneurs, and investors ask us if N-of-1 companies can rise from other ecosystems, we say yes and point to one of our own Indian portfolio companies, Shiprocket.
Arjun Sethi on Running a Technology Company that Deploys Capital
In this conversation, our partner Arjun Sethi joins Ted Seides from Capital Allocators to discuss Arjun’s upbringing in an immigrant family, his early endeavors as an entrepreneur, success as an angel investor, and different ways of looking at venture investing.
Unit Economics and The Pursuit of Scale Invariance
In this article we will present our high-level framework for understanding and visualizing unit economics (UE) for a variety of different businesses as well as show several hopefully illustrative and interesting examples.
Arjun Sethi on SALT Talks
In this episode, our partner Arjun Sethi joins Anthony Scaramucci to discuss early stage venture, Bitcoin, and China.
“Quantifying Product Market Fit” on Retina AI
In this webinar, our partner Jonathan Hsu joins Emad Hasan to discuss product market fit and how Antenna uses it to help founders and make investment decisions.
“From Madmen to Moneyball” on Prime Venture Partners Podcast
In this episode, our partners Arjun Sethi and Jake Ellowitz join Amit Somani to discuss various tactics and strategies for understanding product market fit.
“From GAAP to Product Market Fit” on Full Ratchet
In this conversation, our partner Jonathan Hsu joins Nick to discuss a quantitative approach to PMF, Antenna's Magic 8 Ball for objective evaluation, and approaches to reduce talent biases.
Bolt, perfecting the checkout experience
Today, we are excited to announce that Bolt has taken two big steps towards realizing this vision. Bolt has closed a Series C led by Westcap and it has launched its second-act product.
“Data Informed Investing” on the Pomp Podcast
In this conversation, our partner Arjun Sethi discuss market timing for product-market fit, the cyclical nature of growth tactics, slow vs fast money, N-of-1 companies, and Antenna's view on cryptocurrency.
$1 trillion in equity: How Carta is set to unlock the private markets
A few of our thoughts on the incoming changes to equity, and its importance for entrepreneurship.
Fast Money / Slow Money in VC during a financial crisis
Today we are sharing additional research on the impact historical downturns have had on VC behavior. The report -- originally shared within our investment team then sent to all our partners and founders -- is included within.
“Using Data in Venture Capital” on the Village Global Podcast
In this conversation, our partner Jonathan Hsu discusses talent evaluation, common misconceptions surrounding product-market fit, how to support strategy with data, and how we evaluate pre-product market fit companies.
A Quantitative Approach to Seed Investors
When investors underwrite seed-stage companies, the new company’s team and product, and even market, might have not yet materialized. Even with so much uncertainty, investors still develop confidence, but how?
A Quantitative Approach to Product Market Fit
A overview on the basics behind how we quantify product-market fit at Antenna Ventures. These are the underpinnings of our underwriting framework.