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Another one.
DBA just raised $62M. At the standard 2% management fee, they are guaranteed $1.4M/yr in the depths of the bear. VC business model is undefeated.


Feb 19, 2026
We are pleased to announce our $62M DBA Fund II.
DBA started as the Bear Market Homework Club. A small and local effort to find our place amongst the sincere, interesting, and interested. These are our people. We are lucky to call them partners, LPs, founders and friends. Thank you to all of them.
Did some moon math with the help of my resident quant @tarunchitra and realized that 2% of $62M is in fact $1,240,000
Thank you for your attention to this matter
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