I think … not too much in the “middle” — Series A, B and C. But the decade after that will see huge change from the seeds planted the past ten years and the coming ten.
Funds last 10+ years. And just this quarter, Accel, Bessemer, Sequoia, Lightspeed, etc. etc. have all raised billions in funds that will, for the most part, be run as they have in the past. For the most part.
