Hi VC Lab community,
Just published the monthly ‘All things VC’ edition focusing on topics relevant to VC GPs & LPs on a strategic level, i.e., overall valuations, market dynamics, fundraising, D&I, portfolio construction & more. *Like n share - do spread the love* :heart:
Quick summary
1. Startup valuations were down (especially for late stage). Funding to startups trended downwards, and founders are adjusting to the new realties of longer wait times. Valuations at early stage remained more robust.
2. VC fundraising also went through a down phase. Dry-powder remains in the system. Governments are taking action by building Fund-of-Funds or injecting directly into startups.
3. Even if a big-brand institutional investor has underperformed in their VC investments, the truth can lie far beyond performance of 'VC as an asset class'.
4. VC world needs more diversity - in terms of founding teams, in terms of money flowing to startups, and also in terms of VCs who are getting funded by LPs.
5. VCs need to watch out for who they accept as LPs, and on the other hand, LPs need to think about liquidity management. VCs need to show off their abilities and can differentiate themselves through their operating experience or by becoming less biased.
In case I missed an important article, then do let me know.
Just published the monthly ‘All things VC’ edition focusing on topics relevant to VC GPs & LPs on a strategic level, i.e., overall valuations, market dynamics, fundraising, D&I, portfolio construction & more. *Like n share - do spread the love* :heart:
Quick summary
1. Startup valuations were down (especially for late stage). Funding to startups trended downwards, and founders are adjusting to the new realties of longer wait times. Valuations at early stage remained more robust.
2. VC fundraising also went through a down phase. Dry-powder remains in the system. Governments are taking action by building Fund-of-Funds or injecting directly into startups.
3. Even if a big-brand institutional investor has underperformed in their VC investments, the truth can lie far beyond performance of 'VC as an asset class'.
4. VC world needs more diversity - in terms of founding teams, in terms of money flowing to startups, and also in terms of VCs who are getting funded by LPs.
5. VCs need to watch out for who they accept as LPs, and on the other hand, LPs need to think about liquidity management. VCs need to show off their abilities and can differentiate themselves through their operating experience or by becoming less biased.
In case I missed an important article, then do let me know.
