The pain resulted from the Federal Reserve’s interest rate hikes, slowing consumer spending online, and the realization that too much money went to startups with shaky business plans over the past few years.
Partner Mackey Craven announced plans to leave in recent weeks, blindsiding the firm and creating a leadership void that led to OpenView halting new investing.
Three years after announcing its sixth fund, OpenView Venture Partners is back with $570 million in capital commitments for its new, seventh fund. It represents