Prediction Didn’t hold up AI assessment confidence: 95% certainty 3/5 debate potential 3/5

Mohnot: VC funds will not return uninvested capital this cycle

Sheel Mohnot · Sheel Mohnot: How I Got Married in the Metaverse; Founder vs Product vs Market | E1035 · 20VC with Harry Stebbings · Jul 17, 2023 · at 7:04

Sheel Mohnot, General Partner at Better Tomorrow Ventures, discusses whether VC managers will return raised capital to LPs given shifting valuations.

0:00 / 0:07exact quote · 7.7s

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“I don't think so. I know that that's happened in the past. I don't just, I just don't see it happening this cycle. And probably if it were to happen, it would have already happened.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Venture capital funds will not give back capital to LPs during the current economic cycle.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Sheel Mohnot predicted that venture capital funds would not return capital to limited partners (LPs) during the economic cycle. Contrary to this claim, multiple VC firms returned uncalled or uninvested capital to LPs between July 2023 and July 2024. Most notably, OpenView Venture Partners—an established firm founded in 2006—notified LPs in April 2024 that it would return approximately 75% of its $570 million Fund VII. Additionally, Countdown Capital announced in January 2024 that it would wind down and return all uninvested capital to its LPs.

In April 2024, OpenView Venture Partners formally notified its LPs that it would return approximately 75% of its $570 million Fund VII capital.
In January 2024, Countdown Capital announced it was winding down operations and returning all uninvested capital to its investors.

Checked against

[1] forbes.com [2] prnewswire.com [3] venturecapitaljournal.com [4] startupintros.com [5] castlehalldiligence.com [6] musichypebeast.com [7] thefuturemedia.eu [8] tech387.com

"Countdown Capital" "returned" OR "uninvested" OR "winding down" "OpenView" venture capital shut down returned capital LPs 2023 2024 "OpenView" "Fund VII" "return" "uncalled" OR "75%" OR "capital" venture capital returns uncalled capital to LPs 2023 2024 VC firm returned uncalled capital July 2023 July 2024

assessed as of 2026-07-31

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

LPs VC fund

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Disclosure

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“We haven't, but I think it is very hypocritical that all these folks who were anti-Saudi money are now over there just praising everything.”

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“And I think a lot of the large funds have gotten so large that they're really more management fee focused than they are returns focused.”

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Mohnot: Multi-stage funds lose winners by writing small competitor checks

“My portfolio company that is working is raising a series A or series B. They don't want to talk to that investor because that investor invested a million dollars in their competitor. That competitor is almost dead anyway, but they're like, fuck them. I'm not g…”

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“I think there are founders who have funds on the side who like lead deals. And that is crazy to me.”

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Disclosure

Mohnot: Better Tomorrow Ventures waives part of its 2% management fee

“You know, now we have three hundred million AUM. We could take two percent, which is six million to run our business. We actually take a much smaller amount and return it to LPs.”

Sheel Mohnot Jul 17, 2023 ▶ 21:52 Sheel Mohnot: How I Got Married in the Metaverse; Founder vs Product vs Market | E1035 · 20VC with Harry Stebbings

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“Raising big rounds makes people like makes people cushy. You end up attracting people with salaries that, like, actually they could have gone into a big company and actually they belong at a big company.”

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Mohnot: VC funds will not return uninvested capital this cycle

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