Here at Level, we build a variety of statistical models. These models are predicting something that is inherently random. For example, if we are predicting the projected returns of a particular fund, our model may give us an estimate that, in expectation, the fund will have 5x returns over three years — a stellar result! […]

Investors have long thought about how to judge a founder’s previous work history. At Level, we’ve put together a new metric that our entity-resolved and time-series-resolved data set shows to indicate future success. Specifically, we aimed to quantify “earned experience.” Although still a work in progress, our first attempt was to take the maximum valuation […]

Here at Level, we love graph-based data: whether studying the interaction between key players in the venture ecosystem or analyzing technical contributions on Github, we have a variety of data that fundamentally captures entities and the myriad relationships between them. For those uninitiated to the world of graphs (also called networks), we need but two […]

The Data Revolution in Venture Capital Data-driven algorithmic decisions now make up 75%+ of public market trades — an AUM of $1+ TRILLION. But that wasn’t always the case. Hedge funds drove this revolution back in the 90s, leveraging the parallel explosion of available datasets and computing power. Now, 30 years later, the data-driven revolution is making its […]

The recent flow of AI seed funding announcements, almost all at high valuations, sparked my curiosity: can investing in these deals deliver high fund returns for seed investors or are they tailored to a different strategy altogether?

In 2023, funds of funds (FoFs) are on track to raise the smallest amount of money in more than a decade. At the same time, muted venture deal activity has many firms ditching their follow-on funds.

Level Ventures was featured on the recently released 2023 Data-driven VC Landscape and ranked the #1 firm in venture capital by percentage of employees that are engineers.

Listen to the interview here.

Is there a correlation between public market drawdowns and venture capital dispersion?

Level recently invested in Enveda Biosciences' Series B. We are excited about the company’s potential, and the use of advanced computational methods to find therapeutic solutions to human disease.

Listen to the interview here.

Does sector specialization impact the performance of emerging managers?

The VC fund of funds is an effective investment strategy, but an onset of new technologies offers a fresh opportunity in the space.