The end of Venture Capital? (VC Roundtable) | E2285

We may be at the end of the venture capital industry. Five US firms captured 73.1% of all LP commits in the first quarter of this year. This is the era of consensus capital. Basically the end of a 50, 60 year run of an industry or a a craft business. And that won't be the first time that a craft business has gone extinct.

I don't think that the uh demand for medium sized firms is is going to disappear. It probably will increase. It's difficult to make uh returns work at a very high uh level and then it's also I think difficult for founders to um you know work with uh enormous g uh bla behemoths of uh a venture firm. The math may just cease working in the venture capital business.

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