If you walk into most VC firms today, not much has changed in the past 20 years.

• Same org structure
• Same slow-moving workflows
• Same “value add” that’s basically just intros to the same small handful of firms

That used to be good enough when venture was only a cottage industry, but as you can see below, things have changed …

More capital = more firms = more competition = fewer winners and more losers.

Simply put: the old playbook is dead. Adapt or die.

The best-performing funds no longer operate like financial services firms - they operate like software companies.

This is one of the core themes of Outlaw.

We think the winners in this next cycle will be funds that:

• Build internal systems that compound
• Stay lean while increasing throughput
• Turn manual tasks into repeatable workflows
• And measure performance across every part of the investing process

This is already happening, and we’ve seen it firsthand.

• Sourcing is being 90% automated using data from tools like Clay, Harmonic, and web scrapers
• AI is being embedded into diligence workflows to create more output with fewer analyst hours required
• Modern fund admin tools and internal dashboards are being adopted in order to reduce time-to-decision