Venture capital
Venture capital: where the returns come from, who carries the losses, and what investors keep after fees
This hub covers venture capital as an asset class: how funds are built, why returns are concentrated in a few outcomes, what fees and structures such as syndicates and special purpose vehicles take, and how tax reliefs differ between the UK and the US. It asks who pays and what the numbers really say.
What readers ask
- What is the dark side of venture capital?
- How do venture capitalists make money?
- Can a normal person invest in venture capital?
- How do venture capital returns compare to the S&P 500?
- What are the QSBS requirements for 2026?