Random Walk

Random Walk

LPs want their liquidity and they want it now

GPs still haven't gotten the memo, yet, apparently

Moses Sternstein's avatar
Moses Sternstein
Jul 01, 2025
∙ Paid
  • an anecdote from the world of cap-intro

  • no, you’re not hallucinating, fundraising has *never* been this hard, but the other shoe has not yet dropped

  • what LPs would really prefer

  • startups have changed gotten the memo (and changed their burned rates accordingly)

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