An under-discussed zero interest rate phenomenonwas the proliferation of VCs and angel investors who poured money into startups with no business model, just vibes.
OpenView Venture Partners is a VC firm which raised $2.4 billion and is now shutting down because they don’t think they can generate returns for their LPs.
It has laid off its staff and won’t make new investments. I doubt they’ll be the last.
https://www.theinformation.com/articles/vc-firm-openview-abruptly-winds-down-as-industry-pressure-rises
Dare Obasanjo /
npub1l4…exuhy
2023-12-06 04:06:57
Author Public Key
npub1l4l93jaluhcmp24qqhsnz0wv4ld4lnyv5h09k2p7cssrjn5zwflscexuhyPublished at
2023-12-06 04:06:57Event JSON
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