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The Future of VC
We've had 3,700 funds closed since the beginning of 2020. So there's probably too many VC funds in the market right now. There will be funds that have been around for 20 years or has a name like Andreece and they will be able to raise whenever they want. But for many of these GPs, they will struggle to raise that next fund. We'll probably see some sort of culling of the group of VCs which will again, will likely be healthy.