TLDR:
- The fundraising downturn in the venture capital industry presents an opportunity for well-positioned LPs to take advantage of the pullback by many of their peers.
- Starshot Capital closes 12th climate fund of the year, San Jose Police boosts its VC exposure, and new UK fund Pelican Ag targets £50m for debut.
In a current article by Lawrence Aragon and Gregg Gethard, the focus is on the situation within the venture capital industry regarding fundraising. The downturn in fundraising provides a unique opportunity for well-positioned Limited Partners (LPs) to capitalize on the retreat of many of their peers. The article highlights recent developments in the industry, such as Starshot Capital closing its 12th climate fund of the year, the San Jose Police increasing its exposure to venture capital, and a new UK fund called Pelican Ag targeting £50m for its debut.
The piece emphasizes the importance of seizing the moment during this period of opportunity. It suggests that LPs who are able to take advantage of the current landscape may see significant benefits in the future. Additionally, the article provides insights into the strategies and movements of various players in the industry, offering a comprehensive overview of the current state of venture capital fundraising.
Overall, the article serves as a call to action for LPs to strike while the iron is hot and make the most of the current fundraising environment in the venture capital industry.
