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DTSTART;TZID=UTC:20260716T170000
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SUMMARY:The Death (and Rebirth) of Venture Capital Ft. Dave McClure & Ben Black
DESCRIPTION:The Death (and Rebirth) of Venture Capital: The IPO “Pipeline” & The Rise of Secondaries \n​Agenda: \n\n\n​5:00 PM – Live Podcast Recording & Interactive Q&A \n\n\n​7:30 PM – Private Dinner (Invite Only) \n\n\n​About This Event \n​The math behind venture capital is fundamentally broken. \n​A decade ago\, a company hitting $100M in revenue was the gold standard for booking an IPO roadshow. Today\, companies are staying private longer than ever\, often forced to wait until they clear $1B in revenue just to look at the public markets. The traditional 10-year fund lifecycle is crashing face-first into an unprecedented liquidity bottleneck. \n​Join us at the Park James Hotel for a raw\, unfiltered conversation with two of Silicon Valley’s most seasoned operators and pioneers as they break down how to rebuild the VC ecosystem from scratch. \n​We’re bringing together Dave McClure (Founder of 500 Startups & Practical Venture Capital) and Ben Black (Founder of Akkadian Ventures\, CIO at Powerlaw Corp. (Nasdaq: PWRL) to dismantle the standard talking points and dive straight into the structural reality of modern capital. \n​What We’ll Cover: \n\n\n​The Broken IPO Pipeline: Why the pendulum is swinging back\, how SPACs disrupted the market\, and why waiting for a $1B valuation is choking early investors\, employees\, and founders. \n\n\n​The Secondary Market Explosion: How secondary vehicles are transitioning from a niche alternative to the foundational plumbing of 2026 venture investing. \n\n\n​Inefficient Pricing: A deep dive into how poorly the private markets actually price tech assets\, and how to spot genuine innovation versus overhyped macro trends (especially in AI). \n\n\n​The Evolution of the Fund Manager: What successful emerging managers are doing differently to survive the toughest fundraising environment in a generation. \n\n\n​About the Speakers: \n\n\n​Dave McClure is an early Silicon Valley engineer\, investor\, and founder of 500 Global and Practical Venture Capital. Having backed thousands of companies across 75+ countries – including early bets on Canva and Credit Karma – Dave has transitioned his focus from high-volume seed indexing to solving late-stage liquidity and portfolio construction. \n\n\n​Ben Black is the founder of Akkadian Ventures and a 27-year Silicon Valley veteran. A pioneer in secondary market design\, Ben focuses on growth-stage liquidity\, building robust LP communities\, and restructuring the private market ecosystem through platforms like Power Law and RAISE Global. \n\n\n​ \nBook Tickets
URL:https://parkjames.com/event-calendar/the-death-and-rebirth-of-venture-capital-ft-dave-mcclure-ben-black/
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