Will the 2021 vintage for VC funds be the worst performing vintage year in the past few decades?
Kinda think so. Here's why:
1) Far more investors than ever... 2) Investing at wild valuations... 3) Just before interest rates changed drastically... 4) and 14 months before AI hit the scene.
Really challenging.
Makes you wonder about today's AI valuations and whether history might rhyme here 🤔
Full data on nearly 3,000 US funds here: https://lnkd.in/emPS4dBJ
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