The state of VC in 2025. Where we are, where we are going, and where to invest ... https://t.co/NvOOYzeEpG https://t.co/cbXha8w19L

It's too difficult to develop an investment track record If you aren't independently wealthy or a part of existing homogenous VC networks. Additionally, fund of fund data shows that emerging managers outperform compared to legacy funds. Our industry should be reimagining ways to boost returns via expanding the pool of qualified investors. Emerging... See more

Taste will be paramount as the key driver for the long tail of smaller funds, and sub-sectors (deep-tech, climate) will further specialise (chips, energy) with value compounding in those comfortable with getting creative around new sectors, business models, technologies or markets.