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LPs and Venture Firms - Is XYZ Firm Going to Be Here for My Next Round?
Many venture firms are now lifecycle capital providers. LPs need this now because they have so much larger commitments at stake. This is a people business and there's something that the communication around team evolution is something that I've seen people get very wrong time and time again. The other piece is individuals, largely high net worth individuals and family offices. Private markets allocations have been very small for highNet Worth Individuals overall.