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“Large firms, bigger,” said Alexandre Lazarow, a partner who manages the partner of fluent enterprises. “At the same time, there is an explosion of (small) capital companies … Therefore, I think we have seen the increase in specialization and the growth of regionalization in technology.”
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Enterprise-capital industry faced with a large level with a large level with report Many high-level managers who left the inheritance firms.
Silicone valley includes some high-level marches Mats Sequoia and Sriram Krishnan Andreessen from Horowitz. Two great leadership on the other side of the world Abheek anand Shailsashi Lakhani, Peak XV partners – the former sequoia Capturity and the Sea – declared they came out in February.
It is unique to see the circulation between teenagers in the industry, but the posts of large enterprises have left the posts of the capital.
I think that in the last ten years, we saw a large seashole in the past ten years that the enterprise (capital industry) is more widely returned to the management of assets (capital industry), this issue is the crowd of this issue.
Rick Zullo
Founder and control partner, equal enterprises
“More departures occur. I think that many have not yet been announced, but many, many of the works,” Rick Zullo, founder and equal enterprises and equal enterprises said. CNBC.
CNBC Looking at the reasons behind them.
Continues for success
The reasons for these departures are slow to decide to decide on many large companies and aimed at the increase in the money pools that funds work with promising founders.
Some investors in that camp also say that they capitalize their major changes in the industry and leave large companies for the benefits of small companies.
Over the past decade, the enterprise’s capital industry is exponentially involved in the global scale of large legacy companies. In 2024, only nine enterprise capital, only 50% of the total amount of capital collected by $ 35 billion or US funds. Pitchbook.
“I think that in the last ten years, we have seen a large seashole (capital industry), and I think this issue is in fact,” Zullo said.
“(Venture Capital firms) are now … Blackstone or Goldman Sachs … and Goldman Sachs … and are taking some cultural dissonents between the people who want to be active management firms,” Zullo said.
As Legacy companies grow older, some great partners say that the venture is farther away from its original passions.
“Large firms, bigger,” said Alexandre Lazarow, a partner who manages the partner of fluent enterprises. “At the same time, there is an explosion of (small) capital companies … Therefore, I think we have seen the increase in specialization and the growth of regionalization in technology.”
On the one hand, as more money in several elite companies in the Silicon valley, some investors have invested in their branches and investing in their decisions and invest more in their decisions and invested in their decisions.
With the rising technological platforms such as Angellist and Carta, individuals said they were easier to start their ventral capital funds. It should be noted that those who invest in limited partners – or enterprise capital funds have been invested in solo managers today.
“These are a bunch of capitalists who have some successes in large-scale firms.” They just want to go back to the basics. “
Bilal Zuber is one of them: o declared After leaving the luxury capital in December, after serving as a general partner in the company for about 12 years. Today, he starts its own enterprise fund called red glass enterprises aimed at investing in early stages.
Then suddenly music chairs were stopped. IPO market has been closed (gone), M & A decreased, so many LPs (and) lots of LPs (and) are enough money to have a lot of money (and
Alexandre Lazarow
Management of partner, fluent enterprises
“When there is a great stock, it becomes very difficult for big partners … pay attention to the early stage,” he said. A start of seeds and series is often not the best product for the founders, “he said.
“Builders will want to work with great, experienced investors who can take seats … and give real advice … and clearly, it is difficult to make in a larger company,” he said. “If I could write early conviction inspections, if I had a high property … Companies are doing well, this is a real alpha.”
To go through failure
But all the goals are not voluntary.
“There are many people who disappear more than these companies … It is a consolation award to not prepare a general partner of those companies,” he said, “Zullo said.
According to industrial insiders, according to industrial insiders, it was more difficult to see the return of investments in the Silicon Valley and an outside enterprise.
This was mainly lit Interest rate policy At the end of the US Federal Reserve, recently establishment of rates to bring cheap and encouraged investors to establish more funds – during the pandemic in 2020 – to build more funds for other risk assets.
As a result, the startup ecosystem saw a great increase in enterprise investments during the COVID-19 PANDEMY, but when interest rates go back 2022Investors were more cautious and realized that some beginnings could be overwhelming.
“I think that for LPS (limited partners) is one of the few years in the last few years … In 2021, the speed of returns in 2021 was very high in many iPo. People took back their money,” he said.
“Suddenly music chairs were stopped. The iPo market was closed, I think that many LPVality, (and) many LPs (and) are more than many liquidity, (and).” As a result, the enterprise received a hit in the capital industry.
Impact on portfolio companies
Their investors who leave their funds are often an unplanned consequence of their portfolio companies. How do the goals of this Vence capital affect the beginnings? The short answer is that it depends.
Senior Partners will often take wooden seats in portfolio companies and the founders will be a long time, but for some companies for some companies for industrial inspiration.
“Three of our portfolio have been members of at least one board, ie that man has left and many companies (board members) have many companies,” Zullo said.
“I think this is very thought out about the passage of this with the best way, portfolio, the CEO and the founding team,” Lazarow said. “The company has no orphans inside the VC Foundation and has sustainability.”
Departures may have a negative impact on portfolio companies when the starting board is a strong champion, and they slid in many companies. When these partners are replaced by a smaller one, the company may disrupt the company’s meetings and the company’s decision, and industrial insiders said.
In addition, companies who want to raise more money through a follow-up round – when an investor invested in an additional investor – the firm’s original champion may be affected by the original champion no longer around.
The adulthery of a beginner can play a role when the founders affect.
“It depends on the company’s scene. You need more management, because you need any leadership, because you are a specialist of the subject, Carro Tan, co-founder and CEO.
“Most (partners) are not a full operator,” he said.
Although early-stage companies can affect their partners or members of the board, the next stage companies are more experienced and often other board members, according to TAN, there are many other board members.
