A vertical

Convening

Where an industry gets defined in public, and who keeps the record afterwards.

Properties6
Live0
FunctionsConvening

Convening is the least understood function in the group and the most compounding. A summit assembles the people who decide what a market is; the record written afterwards is what everyone else cites for the decade following. Most operators produce the first and throw away the second.

It is treated as infrastructure rather than marketing, which is why the definitions are open and the standards are given away. It is also the cheapest origination the group has: a room that produces founders costs less than a fee paid to meet them.


The properties


The gate

Originates for every other vertical rather than for itself, which is why it is a function of the parent as well as a vertical.

A vertical earns its own Ventures arm when it has deal flow of its own, and a Capital arm when it has a balance sheet to allocate. Neither is granted at formation, and both are published on the roadmap so a partner can check whether the group applied its own rule.


How it is wired

Draws on

The parent

Feeds

Nothing yet. No other vertical depends on this one.

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