A new year brings with it hope for a better tomorrow ' kind of, at least. In the world of venture capital, nothing is quite predictable. The number of firms in the U.S. has taken a sharp dip as risk-averse institutional investors splash money on only the biggest names in Silicon Valley, as reported by the Financial Times. AI is the only category that seems to matter, and that doesn't look to be changing anytime soon. But the new year has just started, and perhaps so has the impetus for change. The good: As wealthy individuals lower their return expectations for fixed income and cash equivalents, they will look more aggressively to private markets for outsized returns. This channel is expected to invest over $7 trillion in private markets by 2033. In response to this expected influx of capital, we have seen large wealth and asset managers use venture capital as a differentiating strategy among their private market offerings. These institutions have positioned venture to be a strategy...
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