Clarkson: LP and GP bull market investments were driven by momentum and FOMO
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 16:11
Beezer Clarkson, partner at Sapphire Partners, reflects on venture capital dynamics during the recent bull market versus down-market realities.
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“I just think back when it was sort of this big run up in the, when we were in the bull market, it looked like there were a lot more nodes in areas that could be very productive, and people went for it because they didn't, there's a lot of FOMO, LPs and GPs alike. And now on the other side of that, a lot of it looks like it was a lot of momentum, and it may or may not Convert.”
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