And Kleiner’s most prominent growth-stage investment partner, Mary Meeker, did just leave to start her own firm. Of course, $600 million is by no means a tiny fund. Three weeks ago, the 47-year-old firm closed on $600 million for its eighteenth flagship fund, touting a plan to go “back to the future” and focus on early-stage with the philosophy that “venture is a non-scalable, boutique craft.” Silicon Valley stalwart Kleiner Perkins is among the latest to hop on the smaller-is-better bandwagon. Adding more capital to the pot, the thinking goes, likely does more to inflate valuations than foster great companies. While VCs compete to back massively scalable startups, the common wisdom is the venture capital industry itself does not scale especially well. The influx of small and mid-sized funds serves as a reminder that supergiant funds are somewhat of an aberration for the venture capital industry. Newcomers are rolling out fresh early-stage funds, and even established VCs are opting in many cases to keep fund size constant or even a bit smaller. venture fundraising data for 2019 reveals a lot of smaller, more focused funds closing on capital. Ever since the rollout of the $100 billion SoftBank Vision Fund, established VCs have been outdoing each other to raise ever-bigger funds.īut let’s not write the epitaph on smaller funds. Over the past year, we’ve written a lot about the rise of supergiant venture capital funds. Which public US universities graduate the most funded founders?.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |