Venture capital firms that raised massive capital during 2021 and 2022 will face significant headwinds because they deployed that money too quickly without the benefit of time diversity.

“you have to see the underlying return data to really have a sense of knowing is it I think it's fair to say a couple of things that there was probably two and a half or three years of capital raised in the industry that's going to get really put under pressure and the reason is that there is not a l”