PitchBook forecast in a May report that venture firms would raise less than $200 billion in 2024, a 48% drop from the industry's peak in 2021.
"They may not see any carry dollars for a long time, maybe into full deployment to the next fund," the growth-stage principal said.
AdvertisementBut this type of internal competition, including deal theft and sabotage, has always existed, the growth-stage principal added.
'A ton of people looking to get out everywhere'As the market continues to correct itself, more turnover is likely.
"I know a ton of people looking to get out everywhere," the growth-stage principal said.
Persons:
—, Michael Moritz, Combinator, they're, Will Champagne, it's, Ellis, Rebecca Zisser, VCs, Junior VCs, there's, Champagne, I'm, inbounds, I've
Organizations:
Service, Business, TechCrunch, Venture, Bay Area, Big Law, Kirkland, Haize Labs, Area, Junior