Your Window Into the Innovation Economy

Purpose: SuperReturn International is one of the largest global private markets conferences, bringing together LPs, GPs, and fund managers across venture, growth, and buyout strategies. Alumni Ventures is attending to connect with investors seeking diversified access to top-performing private market opportunities.

The long-standing divide between public and private markets is breaking down, as Wall Street confronts a new reality: the most meaningful growth and value creation now happen well before IPOs. This post examines how shrinking public markets, abundant private capital, and institutional shifts are redefining where and when investors capture returns.

Jensen Huang recently suggested that “AI is about to change everything.” Whatever changes AI may bring to investment management, the regulatory standards remain the same. Those familiar rules mean that AI’s new frontiers in financial advertising include pitfalls and traps for the unwary.

For as long as humans have been human, we have been investors — not in the financial sense, but in the way we allocate our time, attention, belief, and collective effort. Before capital markets existed, we poured resources into the experiences that mattered most: temples to sport and skill, theaters to story and song, forums to gather and debate, libraries to learn and preserve, gardens to restore and delight. These were not just cultural institutions. They were the earliest marketplaces of human experience. Across every culture and era, the same instincts have shaped human progress: the desire to move, to express, to belong, to grow, and to savor life. Technology evolves. Capital evolves. Human nature does not.

AI doesn’t just change interfaces — it rewrites cognition. The companies that embed into daily routines and earn behavioral lock-in will become the next category-defining platforms. This is our thesis on why experience ↔ behavior fit creates the modern moat.