Kaji: Active seed funds will shrink to under 250 by end of 2019
Samir Kaji · 20VC: What Does It Take To Raise A Venture Fund Today, An Analysis of The Explosion of Seed Financing & Why IRR No Longer Takes Centre Stage with Samir Kaji, Senior Managing Director @ First Republic Bank · Oct 11, 2017 · at 26:54
Samir Kaji, Senior Managing Director at First Republic Bank, discusses micro VC market dynamics and LP sentiment.
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“I think consolidation is, is the future. I don't see a lot of first time or second time funds raising their next fund. And it may not be a function of who they are, but rather a very different macro environment and a general understanding by LPs that we just don't need, we don't need 800 seed funds. So I would be surprised if there's more than 250 active seed funds by the end of 2019.”
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