Very interesting! Wondering how this would impact all of us in our efforts to raise capital.

mostly likely capital raising will be a lot harder (it's never easy for new firms).

My uninformed view... They're not in VC Lab. Smaller funds is what we're being told to focus on, and enduring capital firms, what we're building. :rolling_on_the_floor_laughing: I'm sure you can tell I drank the cool aid

"he says he’s more confident on returning a higher multiple if he’s investing from a smaller fund size."
=> I can confirm that it is true. Plus, if you run a Venture Studio, the multiple is much higher, as you have better control in terms of execution strategy and risk management.