We dive deep into our sectors. Our research drives our insights and thesis-driven approach.

When I started the Emerging Manager Circle back in 2019, I had no intention of starting a “community”. My interest was simple – I needed help. I saw others experiencing similar challenges in starting their firms and felt that we could help each other. Over the years, the group has morphed into something far beyond what I ever could have imagined and has taken on a life of its own.

For a population that claims to hate ads, we certainly do spend an eye-watering amount of money on them. Global ad spend surpassed $1T for the first time this year, Super Bowl ad rates hit $10M for a 30-second slot, and advertising powered more than 20% of U.S. economic output and more than 70% of Google’s total revenue in 2025. As individual consumers, we are served a deluge of ads, with some researchers estimating the average person sees 6,000 - 10,000 per day. Whether you notice them or not, they are present in every feed you scroll, every podcast you play, every storefront you pass.

Today, we’re excited to announce our 4th Annual Climate Capital Summit, taking place on Thursday, September 24th in New York City! Request to Join Since our inaugural Summit in 2023, a LOT has changed in the world of climate capital. In 2021, the climate investing market was in a resurgence unlike anything we had seen in the prior decade. The moment was steeped in sustainability, energy efficiency, and carbon abatement. Today, we’re focused on addressing AI bottlenecks and innovation in nuclear energy. In between these two periods, there was a lull where companies related to climate felt nearly untouchable by mainstream venture capital.

Yesterday, there was a great post by Chris McCaan of Race Capital (I don’t personally know Chris, but enjoyed the post), discussing the binary nature of Series A financings in this market. As Chris said, “Capital hasn’t disappeared, but its concentrating around a smaller set of perceived breakouts. Series A used to behave more like a curve, where strong companies could find a price, now it is becoming binary.”

It’s become painfully obvious that global supply chains are growing in both complexity and risk. With tariffs injecting uncertainty into trade policy worldwide, geopolitical conflict exposing the economic dangers of single-country chokeholds over global shipping corridors, and consumer prices on the rise, companies are looking to make their supply chains more resilient – a costly and time-consuming endeavor requiring the overhaul of internal processes and the rapid upskilling of teams already burdened with legacy infrastructure and ways of working.