Soon most leading firms will employ quantitative evaluations because they need to be competitive. There is an increased demand for alpha in private markets and richer data available.

One reason why funding follows the markets is that venture capitalists themselves rely on funding from limited partners, the entities that invest in VC firms. LPs need to keep their portfolios balanced between public market securities, like hedge funds, and private markets, like venture capital. When the stock market crashes, their venture capital

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