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#241 Mid-Quarter Check-In: RIA Era, Secondary Power Plays, and a Shifting Stack
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#241 Mid-Quarter Check-In: RIA Era, Secondary Power Plays, and a Shifting Stack

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Doug Dyer
May 13, 2025
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@TheFundCFO Newsletter
#241 Mid-Quarter Check-In: RIA Era, Secondary Power Plays, and a Shifting Stack
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We’re halfway through Q2. Time to zoom out.

2025 hasn’t just been noisy—it’s been structurally interesting. Capital is consolidating. VC firms are becoming platforms. And the “venture stack” is getting rewritten in real time.

Here’s what’s moved—and what it signals:

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