venturecapital

CRV is shutting down its growth fund and returning $275m to LPs because they don't see many really big outcomes on the horizon. Will focus on early stage.

CRV is shutting down its growth fund and returning $275m to LPs because they don't see many really big outcomes on the horizon. Will focus on early stage.

https://archive.is/Eku28

coder / founder / investor Founding partner @FirstStarVC 

Loves: AI/ML, data, Bitcoin, climate, techbio, coffee, and pie.

The chasm between early stage and exit grows even larger. 

Whole industry is doomed if this is a signal.

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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TVPI is at the low point right now and they’re probably attempting to raise the next set of funds. 

I think pain is to be expected here with massive market compression and a lot of good folks failing. 

The return founders from good ideas are going to do well here which is why VCs are going back to the well at early stage.

Would be interesting to see how the 28 funds that raised $1B+ in 2021 are doing. A lot of LP pain from that, which will take years more to work its way out of the system.