LP defaults won't be a major issue, but fund re-ups will
Mark Suster · 20VC: Upfront's Mark Suster on COVID Redefining What A Great Company Looks Like and What Valuations Look Like, Why Pay-To-Play Is Back On The Table & Why We Will See The Death of Party Rounds · Apr 20, 2020 · at 31:31
Mark Suster is the Managing Partner at Upfront Ventures. He discusses LP default risk and capital re-commitment dynamics during economic downturns.
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“So I don't think that's going to be a major problem. What'll be a major problem is people coming into your next fund, because if they find themselves in a bad economic situation, what they end up doing is cutting commitments to managers that they've had for a long time.”
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