Thanks learning a lot as always. It’s also interesting that Venture, the asset class was inflated due to rates /liquidity - it’s also interesting Sequoia Capital only returned $50M on $800M for the UC system since 2018, which was low. As a young student who has pitched to firms I was surprised because Seq was full of incredibly smart folks, I can only imagine what other venture funds will return especially those that end their fund life post 2023 - esp with the markdowns.
Thanks learning a lot as always. It’s also interesting that Venture, the asset class was inflated due to rates /liquidity - it’s also interesting Sequoia Capital only returned $50M on $800M for the UC system since 2018, which was low. As a young student who has pitched to firms I was surprised because Seq was full of incredibly smart folks, I can only imagine what other venture funds will return especially those that end their fund life post 2023 - esp with the markdowns.