[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] [@endowment_eddie](/creator/twitter/endowment_eddie) "Yes I tweet about venture. But: X. Evernote remains at the top of my stack X. My car has manual locks and windows X. I still drink alcohol X. Taste is a disorienting word for me X. I wince when fees dont step down on a successor fund"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1948048931759210951) 2025-07-23 15:53:52 UTC 4317 followers, 2174 engagements "When you say privates havent kept up with publics you should really say privates havent kept up with the Mag X. There are XXX other S&P companies that have barely gone anywhere. If you want to hold X stocks go for it. PEVC v. R2000/S&P493 is a diff story. Source: Goldman"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1946138605664993319) 2025-07-18 09:22:55 UTC 4314 followers, 477K engagements "Harvey isnt some breakthrough in legal AIits ChatGPT with a law costume. Lovable isnt revolutionizing codeits Claude with pretty buttons. - @rodriscoll on @twentyminutevc Not enough people talking about this"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1945822790092804341) 2025-07-17 12:27:59 UTC 4314 followers, 64.7K engagements "@grok Grok We just talked about this. Too late to edit"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1947435683590946941) 2025-07-21 23:17:03 UTC 4314 followers, XX engagements "Someone bring the Justice Department a compass and a map"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1946596768168169970) 2025-07-19 15:43:30 UTC 4314 followers, 2165 engagements "@DelJohnsonVC Idk. Pretty heroic assumption out of the millions of securities in the world to put all your eggs in X stocks XX years ago when decades of data show you the top of the S&P and high priced stocks have gotten slaughtered"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1946158740064858159) 2025-07-18 10:42:56 UTC 4310 followers, XXX engagements "This is the truthGPs who held get terminal multiples that quartile better. Sure still a XX% net IRR but its not all below median"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1947726057513107762) 2025-07-22 18:30:53 UTC 4314 followers, 1786 engagements "If VC is competitive now the what if everything goes right scenario on liquidity will send it to the stratosphere. $140B of market cap from this years IPO ($CRWV $CIRC $HNGE etc.) YTD. $160B annualized M&A. Now add Figma and Navananother $30B of market cap. What if Bytedance and the cohort of $400M+ ARR payroll/payment/expense mgmt platforms go public What about OpenAI Anduril etc. Were talking up to $1TRN or more of active market cap and M&A in the next 12-18mos. Assume VCs own 2/3 of all this and it gets distributed over 3yrs. Wed runrate at $200-250B of LP distributions annually. This"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1944453828029382676) 2025-07-13 17:48:13 UTC 4317 followers, 66.8K engagements "The only real considerations in vc fund investment memos are: 1) lack of power law people 2) lack of power law companies 3) valuations Instead its always the samecapacity/board seats size of active portfolio and fund size. These matter but they arent threshold questions"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1948369973140730146) 2025-07-24 13:09:35 UTC 4317 followers, 4268 engagements "Public tech has spent X% of market cap annually on M&A but that was cut in half in 23/24. Nasdaq has total market cap of $30T. We should be looking at $2-300B. Good news - were approaching that runrate through 1H2025 on the back of Wiz and the return of M&A in the $200M-5B range. Under discussed is the role that mid/large cap tech such as Databricks Snowflake DoorDash Datadog and others are starting to play with each doing multiple acqs in the past XX months. The strategic acquirer or default acquirhirer isnt just the Mag7"  [@endowment_eddie](/creator/x/endowment_eddie) on [X](/post/tweet/1947632558344184250) 2025-07-22 12:19:21 UTC 4308 followers, XXX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@endowment_eddie
"Yes I tweet about venture. But: X. Evernote remains at the top of my stack X. My car has manual locks and windows X. I still drink alcohol X. Taste is a disorienting word for me X. I wince when fees dont step down on a successor fund"
@endowment_eddie on X 2025-07-23 15:53:52 UTC 4317 followers, 2174 engagements
"When you say privates havent kept up with publics you should really say privates havent kept up with the Mag X. There are XXX other S&P companies that have barely gone anywhere. If you want to hold X stocks go for it. PEVC v. R2000/S&P493 is a diff story. Source: Goldman" @endowment_eddie on X 2025-07-18 09:22:55 UTC 4314 followers, 477K engagements
"Harvey isnt some breakthrough in legal AIits ChatGPT with a law costume. Lovable isnt revolutionizing codeits Claude with pretty buttons. - @rodriscoll on @twentyminutevc Not enough people talking about this" @endowment_eddie on X 2025-07-17 12:27:59 UTC 4314 followers, 64.7K engagements
"@grok Grok We just talked about this. Too late to edit" @endowment_eddie on X 2025-07-21 23:17:03 UTC 4314 followers, XX engagements
"Someone bring the Justice Department a compass and a map" @endowment_eddie on X 2025-07-19 15:43:30 UTC 4314 followers, 2165 engagements
"@DelJohnsonVC Idk. Pretty heroic assumption out of the millions of securities in the world to put all your eggs in X stocks XX years ago when decades of data show you the top of the S&P and high priced stocks have gotten slaughtered" @endowment_eddie on X 2025-07-18 10:42:56 UTC 4310 followers, XXX engagements
"This is the truthGPs who held get terminal multiples that quartile better. Sure still a XX% net IRR but its not all below median" @endowment_eddie on X 2025-07-22 18:30:53 UTC 4314 followers, 1786 engagements
"If VC is competitive now the what if everything goes right scenario on liquidity will send it to the stratosphere. $140B of market cap from this years IPO ($CRWV $CIRC $HNGE etc.) YTD. $160B annualized M&A. Now add Figma and Navananother $30B of market cap. What if Bytedance and the cohort of $400M+ ARR payroll/payment/expense mgmt platforms go public What about OpenAI Anduril etc. Were talking up to $1TRN or more of active market cap and M&A in the next 12-18mos. Assume VCs own 2/3 of all this and it gets distributed over 3yrs. Wed runrate at $200-250B of LP distributions annually. This" @endowment_eddie on X 2025-07-13 17:48:13 UTC 4317 followers, 66.8K engagements
"The only real considerations in vc fund investment memos are: 1) lack of power law people 2) lack of power law companies 3) valuations Instead its always the samecapacity/board seats size of active portfolio and fund size. These matter but they arent threshold questions" @endowment_eddie on X 2025-07-24 13:09:35 UTC 4317 followers, 4268 engagements
"Public tech has spent X% of market cap annually on M&A but that was cut in half in 23/24. Nasdaq has total market cap of $30T. We should be looking at $2-300B. Good news - were approaching that runrate through 1H2025 on the back of Wiz and the return of M&A in the $200M-5B range. Under discussed is the role that mid/large cap tech such as Databricks Snowflake DoorDash Datadog and others are starting to play with each doing multiple acqs in the past XX months. The strategic acquirer or default acquirhirer isnt just the Mag7" @endowment_eddie on X 2025-07-22 12:19:21 UTC 4308 followers, XXX engagements