BRAVE: VC Ghosting, Portfolio Math & The Brutal Truth About Startup Survival - E667

Jeremy Au breaks down how venture capital really works after the check clears. He explains how VCs silently re-rank startups every year, why most companies get deprioritized, and how a tiny number of winners carry an entire fund. The discussion covers angel buyouts, secondaries, IPO strategy, and the tension between founders and boards during exits. It’s a candid look at portfolio math, hidden incentives, and the survival rules founders rarely hear out loud. 01:47 The Hidden VC Scoreboard: Investment does not end evaluation. Partners continuously judge companies and shift attention toward expected winners. ...