Unlike many industries, venture capital sees fewer moves among high-ranking professionals, yet 2024 has revealed a trend of VCs switching firms or launching their own funds.
The concept of 'key man' clauses in VC funds means that a partner's departure can allow LPs to withdraw their capital, making stability crucial for firms.
Notable movements this year include Brian Roberts and Andy McCall joining Andreessen Horowitz, highlighting a shift in VC dynamics and firm structures.
Investors returning to old firms or striking out on their own signals a significant cultural shift in venture capital, traditionally marked by long tenures.
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