We dive deep into our sectors. Our research drives our insights and thesis-driven approach.

Last week, Josh Wolfe wrote about some of the trends he’s seeing around the venture industry and how that might play out in the years/decades to come. Amongst those was a prediction that 30-50% of venture firms may cease to exist. When you combine this data with the fact that 17% of venture funds make it to fund 4 and 44% of VC capital raised this year went to just 2 firms, my belief is that the consolidation and extinction of firms could unfortunately be far greater.

Traditionally, energy companies were just in the business of powering homes. They had a set of customers in their region with a relatively defined need for power. Their job was simply to build enough generation to meet customer demand and to deliver it to their customers. Their generation power was largely controllable (firing up power plants), making the process of mapping supply and demand relatively straightforward.

Since the founding of Equal, we have focused on the application of technology within our industries to transform their respective value chains (or as we say “To bridge the digital divide”). As we put this into practice over the last 5 years, in many cases it has meant that we’re not investing in traditional software, but rather the deployment of that software within the industry. This is a theme we started to recognize almost 8 years ago as we saw the challenges many SaaS companies ran into in legacy markets.

At Equal, we’ve been long time admirers of the power of platforms and their role in creating long-term value.

As inflation appears to be coming down to earth, this post examines why insurance rates continue to rise despite lower CPI in other sectors, and what it might mean going forward.