Last year saw a record 270 first-time funds close, which means there are almost 300 new managers who raised their fund in a bull market and are now deploying it in very different market conditions.
Who will fare better in the current venture downturn? Will it be legacy investors with years of experience and sizable portfolios to worry about or emerging managers starting with a clean slate?
Who will fare better in the current venture downturn? Will it be legacy investors with years of experience and sizable portfolios to worry about or emerging managers starting with a clean slate?
Last year saw a record 270 first-time funds close, which means there are almost 300 new managers who raised their fund in a bull market and are now deploying it in very different market conditions.