Venture capital is getting crowded with a surge of first-time funds entering the market.
It's a hard time to be an established venture capital firm.
There are a ton of investors chasing a few great ideas, and the pressure is showing in a number of ways, according to a midyear report from Fenwick & West.
A surge of newcomers. The report found that 2017 is on pace to see the highest number of first-time venture capital funds formed in more than a decade.
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