Kohli: First-time VC fund sizes shrunk from $5M to $1M-$3M
Avlok Kohli · How Dire is the Startup Funding Market Today? | AngelList CEO Avlok Kohli · 20VC with Harry Stebbings · May 9, 2023 · at 22:51
Avlok Kohli is the CEO of AngelList. He discusses fund size reductions across stages and specifically for first-time venture managers with Harry Stebbings.
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“Yes, there is a reduction in fund size for, I would say the much smaller funds, right? In terms of if you could raise a five million dollar fund as your first fund, you're not going to raise that anymore. It's going to be closer to a 1,000,002 million or three million. So we're definitely seeing a reduction in overall fund size, actually at all stages at this point, but definitely for the first time fund manager.”
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