Patient capital, structurally — why not venture
This is Jonathan Hare's account, with its provenance shown. The person or organization named has not yet claimed or corrected it.
The Swedish industrial dynasty and its associated institutions — Investor AB, EQT, and the foundations behind them — organized around multi-generational public-benefit trusts across a hundred and seventy years.
Jonathan Hare's reasoning for targeting it: conventional venture capital is structurally misaligned with a multi-century instrument, because its fund life is a decade and its incentive is exit. A sphere organized around patient capital held in perpetual trusts is the closest existing analog to what the architecture actually is.
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