Clarkson: Absolute TVPI-to-DPI gap is likely largest since dot-com crash
Beezer Clarkson · Beezer Clarkson: Are LPs Open for Business & Why Do LP Incentive Mechanisms Need to Change? | E1073 · 20VC with Harry Stebbings · Oct 18, 2023 · at 33:00
Beezer Clarkson, partner at Sapphire Partners, evaluates Eric Paley's assertion that the VC market is facing the largest disparity between paper valuations (TVPI) and returned cash (DPI) in history.
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“The only other time that would be equivalent would be about 99 and 2000, and I don't know if there is the volume of funds in the market then, so, and absolute numbers, he's probably right.”
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