VC Aileen Lee highlights how the broader investor exodus is worsening woes for unicorn companies

In this week’s episode Strictlyvc download Podcast, Veteran VC Aileen Lee, was also lost on the champions who supported them once the last boom and a large result of the bust period.

Lee relieved of criticizing strong fund managers of more limited partners, and they are afraid to invest in these companies again. But if they could speak freely, he could say:

“Everybody wants to enter the X brand name fund and therefore will never criticize them [for fear of repercussions] . . .Ons probably talk about us behind us [laughs]… .What will say [that] All the people who are [were] During the Arch, this was hired in this enterprise companies. . . They made a bunch of neatly invested “and now overthrow – very late, Lee observed.” All [the LPs’] Money was mainly thrown down the drain because people at the highway are not long enough to see if the companies are successful. “

This is not the fault of new investors, but Lee continued. “Only one ton of people did not receive training and did not receive any mentors or apprenticeships, inspection books and many invested.. This is a lot of orphans,”.

However, there is another reason to leave the beginnings on their own devices, “and I find it crazy” Lee said Lee; In many cases, companies were orphaned by a larger common partner, “someone who invests – who’s [at the firm] However, only the Board stopped showing the meetings. “

For certain companies, this point has been happening for years. No one, no one has made the necessary effort during the financing period by Go-Go Covid and never stopped the corner cutting when the corner cutting came to this same investment. However, it is the main reason why the growing number of companies are struggling to find extracts with output strategies and to express more frustration of LPs.

Another long time VC, Jason Lemkin, This editor explained In late 2022, VCS for the first time when opening the opening of the Board of the Board, speed lost: “[S]No checks and residues? Do you make a sort of effort in the LPS, when millions and millions of people do pension funds and universities and widows and orphanages and on the road and have some valid responsibilities in the LPS? “

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