The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Zullo: Secondary offers will reduce peer fund returns from 7x to 1x
“I've definitely heard some secondary offers on some big, big companies that I know that are going to turn Some of our peers from seven X funds to one X funds.”
Zullo: Downturn will force founders to listen to boards or be fired
“And I think as you go and see a bunch of bridge rounds, down rounds, and all this other stuff that's going to happen in the next couple years, like, The reality is founders are going to have to listen a lot more to their board and because of the board doesn't …”
Zullo: Venture market will see more startup busts than bridge rounds
“I think there's gonna be more busts than down rounds and bridges.”
Zullo: Top $2B+ funds won't invest in non-decacorn, lukewarm startups
“If it's not super hot or not going to be a deco core company, my guess is, you know, most of those top 10 venture firms that are over two billion are not going to be knocking on your door.”
Zullo: Many multistage VC partners will leave their firms within 3-5 years
“I think the reality is the broken incentives that venture firms have of all these zombie VCs that are Series A, Series B, Series C at multistage funds, a lot of those venture investors may not be there three to five years from now. If you are building a compan…”