513. Opening Late-Stage Venture to Everyone, Beating 10-Year Lockups, Why Logos Don't Equal Alpha, and Building Power Law as a Public VC Fund (Ben Black)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified · Jul 20, 2026 · 44m

Ben Black of Co-founder & MD of Akkadian Ventures and CIO of Powerlaw Corp joins Nick to discuss Opening Late-Stage Venture to Everyone, Beating 10-Year Lockups, Why Logos Don't Equal Alpha, and Building Power Law as a Public VC Fund. In this episode we cover:

Details of Power Law's Portfolio and Investment Strategy

Challenges and Benefits of Power Law

Innovation and Evolution in Venture Capital

Balancing Demand and Supply in Power Law

Regulatory Compliance and Educational Efforts

Future of Power Law and Market Positioning

Guest Links:

Ben's LinkedIn

Ben's X

Powerlaw Corp (PWRL)'s LinkedIn…