Prediction: average venture returns for investments made in the 2020s are going to be much worse than those from the 2010s.
There's a flood of capital, and I have never heard so many price-setting VCs openly say they're willing to accept much lower return targets.
There's a flood of capital, and I have never heard so many price-setting VCs openly say they're willing to accept much lower return targets.
(Which I guess is sort of what is supposed to happen as the investing marketplace equalizes--the outperformance was just too dramatic.)
Also, let me just simp for a second and suggest that web3 might still have 2010s-like returns.
(But most VCs will miss it.)
(But most VCs will miss it.)
(If inflation rips, the way VC fund carry works, GPs will still do great even if their investments don't outperform!)
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