Edith Yeung, general partner at Race Capital, and Larry Aschebrook, founder and managing partner of G Squared, speak during a CNBC-moderated panel at Web Summit 2024 in Lisbon, Portugal.
LISBON, Portugal — It's a tough time for the venture capital industry right now as a dearth of blockbuster initial public offerings and M&A activity has sucked liquidity from the market, while buzzy artificial intelligence startups dominate attention.
And in the VC world, it's really all about liquidity stupid," Edith Yeung, general partner at Race Capital, an early-stage VC firm based in Silicon Valley, said in a CNBC-moderated panel earlier this week.
When a VC makes an equity investment and the value of their stake increases, it's only a gain on paper.
Yeung said the lack of IPOs over the last couple of years had created a "really tough" environment for venture capital.
Persons:
Edith Yeung, Larry Aschebrook, G, Portugal —, Groq —, Yeung, there's, Big Techs
Organizations:
Race Capital, CNBC, Summit, Microsoft
Locations:
Lisbon, Portugal, LISBON, U.S, Silicon Valley