In this week’s episode Strictly downloaded Podcasts, veteran VC Isleen Lee were directly about the recent rise and a major outcome of the Best Cycle: Many companies trapped in Lumbo are not struggling to regain their destination after collecting too much money at unstable prices. They have also lost the champions who once supported them.
Lee was discussing how limited partners hesitate to criticize powerful fund managers, fearing that they would re -invest in these firms. But he imagined one thing he would say if he could speak freely:
“Everyone wants to go to the X -brand Name Fund, and therefore they will never criticize them [for fear of repercussions] . . . They probably talk about us behind our back [laughs].. but what would they say [that] All the people who are [were] During the Zarp era, these venture firms were hired. . . Lee observed that he had formed a group of misconduct. “All [the LPs’] Basically, the money was thrown only under the drain because the people involved in the venture jobs did not last long to find out if the companies were successful.
Lee continued, it is not the fault of these new investors. “Only one ton of people was not trained and did not receive any patronage or apprenticeship, checkboxes were given, and a lot of investment was made, and. These are many orphaned companies, as a result.
Li said, but another reason is that Startups are being left on their devices, “and I feel crazy,” Lee said. In many cases, companies have been orphaned by more senior general partner “who led investment – which still exists [at the firm] But only the board meetings stopped.
This has been happening for years. No one has been so diligent during the funding period, and when these investors are talked about, they never stopped cutting the corner. But this is also an important reason why many companies are struggling to find out with external strategies, and why the LPS will be justified in expressing more frustration.
As another late VC, Jason Limcan, Told this editor At the end of 2022 when VCS first stopped showing in the board meetings of Startups that were losing pace: “[S]Wouldn’t there be checks and balances there? Millions and millions of people are applied by pension funds and universities and widows and orphans, and when you do not diligence along the way, and if you do not work permanently in the board meeting, do you cancel some of your sincere responsibilities on your LPS, right? “
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