Matt Levine’s Money Stuff: VCs Need to Do the Good Tweets

Programming note: Money Stuff will be off tomorrow, back on Monday.

VC Twitter ghostwriter

A decent model for venture capital investing in recent years — though possibly not anymore? — is that capital is plentiful, investment decisions are easy, and the hard part of the job is deal flow. Every year there are some good startups raising money, they get to choose their investors, investors compete to be on the list, and your job, as a VC, is to win that competition and get the good deals. If your skill as a venture capitalist is raising money from limited partners, or evaluating companies ...