Venture Capital (VC)
Investment in early-stage, high-growth private companies.
In depth
VCs fund startups in exchange for equity, accepting high failure rates (most startups fail) for outsized returns from winners. Stages: pre-seed, seed, Series A/B/C+, late-stage growth. Top VCs (Sequoia, a16z, Accel) consistently access best deal flow, leading to persistent returns concentration.