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VC & Fund Mechanics

Dry powder

Committed capital a fund has raised but not yet invested.

Why it matters

Lots of dry powder in the market means more competition for deals; a fund running low is one quietly winding down.

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Get the real-world version of "Dry powder" drawn from hundreds of conversations with founders and investors.

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Episodes on Venture Capital

Taryn Williams: Building and Exiting 6 Companies — and the Cost No One Talks About

Perspective X with Pauline Fetaui · 2 July 2026

Taryn Williams: Building and Exiting 6 Companies — and the Cost No One Talks About
Rohan Workman of Skalata — Backing overlooked founders as AI rewrites the thesis

Investment Thesis with Kali Norman · 26 June 2026

Rohan Workman of Skalata — Backing overlooked founders as AI rewrites the thesis
How to Think About M&A as a Startup with Alex Feldman

First Cheque with Cheryl Mack & Maxine Minter · 17 June 2026

How to Think About M&A as a Startup with Alex Feldman
All Venture Capital episodes →
Related terms

Follow-on

A fund investing again in a company it already backs, usually to defend ownership in a later round.

Fund / vintage

A fund is a single pool of LP money invested over a few years; its vintage is the year it started.

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