Too Big to Succeed
Indeed, the analysis from Pitchbook suggests that emerging managers offer an effective hedge against systematic risks in venture capital. This aligns with research that shows that “centrally located” firms (i.e. well networked incumbents) see a temporary performance edge in hot markets where gaining access to competitive deals is potentially more... See more
Dan Gray • Too Big to Succeed
why new funds emerge in the worst markets
decline in funds being raised in recent years.