The SPV is Dead, Long Live the SPV
> The traditional 10-year blind pool VC fund is giving way to a hybrid model where small managers pair a lean microfund with deal-by-deal SPVs for follow-on capital, unlocking better alignment and network effects, broad LP bases, and giving LPs direct exposure to breakout winners.
> The model act as an immune response to capital concentration and downstream partner scarcity, but requires higher LP sophistication and clearer SPV standards to avoid adverse selection.
Source:
https://blog.joinodin.com/p/the-s...
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