Automatter
A newsletter about processes and the people who automate them.
- Indexed issues, last 90 days
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- Aug 19, 2026
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The Rise and Fall of the Venture Syndicate (opens the original)
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In 2021, the word “syndicate” was mentioned 359 times by the people I follow on Twitter. In 2024, that number dropped to 109 times. In 2025, it was just 38.Twitter is (or at least, once was) the Internet’s watercooler. And while I don’t kid myself that the 936 people I follow are an appropriate proxy for the entire venture capital industry, there is a signal here that is worth unpacking.I can point to much more credible metrics to illustrate just how much the venture capital industry has changed
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