Friedberg: Venture market bifurcation leaves mid-sized funds with diminishing returns
David Friedberg · 20VC: David Friedberg on The Framework for Business Value Creation, The Bifurcation in Venture Today That No One Talks About, The Impact of Interest Rate Hikes on Venture and Step by Step; How TPB Incubates, Funds and Exits The Next Generation of Companie · Mar 14, 2022 · at 30:14
David Friedberg, founder of The Production Board, summarizes his model of venture market bifurcation and mid-tier fund underperformance.
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“You end up with the extraordinarily hungry, motivated, high value creating early stage funds, and then you end up with these massive post-economic folks. The middle ones are the ones that maybe have the diminishing returns.”
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