Liquidity issues are currently driving the secondary market for early-stage investors, according to Kyle Stanford, lead U.S. venture capital research analyst at PitchBook. Hundreds of venture capitalists are facing limited partners (LPs) defaulting on their commitments, leading funds to quietly buy up distressed positions to avoid negative optics. StepStone has raised a record $3.3 billion venture secondaries fund, indicating a strong appetite for venture investments despite these challenges. Some investors, however, criticize the industry for presenting failed exits as successes to maintain a positive image.
People who do not structurally understand the VC business, cherry picking losses as if those define the industry when it's actually the humongous wins that comes once every 100-150 bets that actually matter.
So many VC funded exits you hear about are actually massive failures and nobody made any money Which is completely fine if they weren't then hailed as massive successes on TechCrunch and by the investors and founders on X It's flat out lying And the reason why is so the… https://t.co/YRTJAp0NlI
So many VC funded exits you hear abou are actually massive failures and nobody made any money Which is completely fine if they weren't then hailed as massive successes on TechCrunch and by the investors and founders on X It's flat out lying And the reason why is so the… https://t.co/YRTJAp0NlI
So many VC funded exits you hear abou are actually massive failures and nobody made any money Which is completely fine if they weren't then hailer as massive successes on TechCrunch and by the founders on X It's flat out lying And the reason why is so the founders can fatten… https://t.co/YRTJAp0NlI
What StepStone’s $3.3B venture secondaries fund tells us about LPs’ current appetite for venture: https://t.co/G8VS9Nd34F by TechCrunch #infosec #cybersecurity #technology #news
What StepStone’s $3.3B venture secondaries fund tells us about LPs’ current appetite for venture: StepStone raised the largest fund dedicated to investing in venture secondaries ever, the firm announced last week. This fundraise… https://t.co/zn85So11SN #AI #AInews #AItips
What StepStone’s $3.3B venture secondaries fund tells us about LPs’ current appetite for venture https://t.co/U8UUJa9KB1
NEW FROM ME: Hundreds of VCs have LPs defaulting. Now funds are quietly buying up those distressed positions. "If you're a VC, you don't want the optics of LPs selling down their stakes and bailing out of funds, so it all has to be done discreetly." https://t.co/FvrhXB7J0f
most of the vc industry is bs i'm an LP in a fund and i got an email saying that unfortunately they had to sell a company for scraps and we are getting ten cents on the dollar i open Linkedin and another investor *in the same company* and in *the same round* posted "Exited…
“Liquidity issues for the early-stage investors is really driving the secondaries right now,” said Kyle Stanford, the lead U.S. venture capital research analyst at research firm PitchBook. More in @WSJVC 👇 https://t.co/KtWytTXLuR