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Chronicles

The story behind the story

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A look at Neo, a VC firm that made early bets on startups including Kalshi and Cursor, pushing the value of its first two funds far above industry averages

The venture firm, led by CEO Ali Partovi, illustrates the growing gulf between a few top performers and the industry medianLinkedIn:Yuliya ChernovaandHadi PartoviLinkedIn:Yuliya Chernova:The 2021 venture-fund vintage appears to be a hopeless laggard.  But there are exceptions.  Ali Partovi's $150 million 2021 venture fund …Hadi Partovi:I'm proud to have been among the first investors in Neo, to back my twin brother Ali Partovi's innovative approach to “people capital,” investing in founders over

Wall Street Journal Yuliya Chernova