It’s a great time to be invested in venture capital funds. So, naturally, everyone is freaked out.
“Is now the time to double down, or to slam on the brakes?”
That was the question posed to me earlier this week by a portfolio manager who has investments in dozens of venture capital funds, including some of the industry’s most illustrious names. I’m not (quite) so egotistical as to think he would make multi-million decisions on my two cents, but the inquiry was sincere. This is an extraordinarily tricky time to be investing in venture capital, perhaps more so than at any other time in the past two decades.
