E407: Why Venture Capital is Becoming a Winner-Take All Market
E407: Why Venture Capital is Becoming a Winner-Take All Market  
Podcast: How I Invest with David Weisburd
Published On: Fri Jul 24 2026
Description: Venture capital has never been more competitive. Aram Verdian argues it has also never been more concentrated. Drawing on Accolade Partners' research across more than 3,000 U.S. venture firms, Aram explains why fewer than 20 firms have consistently produced 3x net returns, what separates the firms that keep winning, and why venture is increasingly becoming a winner-take-all business. From portfolio construction and manager selection to AI, late-stage investing, and fund sizing, he shares the framework his team uses to identify the next generation of exceptional venture firms.