The founders of the venture capital firm behind the likes of fintech firms Dave, Digit, Joust, Point and Scratch, has said the days of mega rounds may be coming to an end; Ryan Falvey and Tyler Griffin, co-founders and managing partners of Financial Venture Studio, explained their reasoning in a recent letter to their LPs saying that there will be a return to “thesis driven models” of investing; part of the issue lies in the inability of VCs to coordinate and network with each other today at social gatherings to identify potential winners, as was the case previously; from the letter: “We believe that this return to thesis- driven investing will benefit smaller specialist funds like ours, which can find and support compelling teams, complete thorough early diligence, and telegraph quality to larger multi-stage funds.” Business Insider.
