VC returns suck even more than I thought

Dear OPM Wars reader:

My recent post outing an angel investing billionaire might have misled some of you to sign up to this letter. OPM Wars is a newsletter that covers Canadian finance primarily and so if you are not interested in that, I recommend that you sign up for a separate blog of mine, Second Mouse Plan, also hosted on Substack, which covers capital allocation strategies, moguls and related topics.

Some of you already signed up to receive Second Mouse Plan updates back in December, but if not, you can sign up here:

Second Mouse Plan

Last year, I wrote the introduction to The Second Mouse Plan: How the Unimaginative Can Thrive in the Age of the Unicorn. Since then, I have come across data that confirms my beliefs and so I have written a new post on that topic here.

OPM Wars will return shortly to cover our usual topics of Canadian funds, fintech, moguls, etc. I will also talk again about Wealthsimple, but then will move on from that topic. I have neglected hedge funds and will talk about them more this year. Chronicling the last days of the active asset management industry is a responsibility I take seriously.

You can read all our previous posts here