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Drew Volpe pfp
Drew Volpe
@drew
This matches what I hear from LPs. In this market, most are falling back to "no one ever got fired for investing in a16z". https://startupstechvc.beehiiv.com/p/why-most-lps-are-playing-it-safe-right-now
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Chad🎩 pfp
Chad🎩
@chad
track record is also pretty important here why invest in an emerging fund when an incumbent has proven an ability to consistently outperform? especially if you aren't access constrained.
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Drew Volpe pfp
Drew Volpe
@drew
that's definitely a factor: LPs can finally access funds they couldn't before. the numbers on the huge funds aren't great though. you're buying predictability, not pure alpha.
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