Ben Lerer warns of a growing divide in the venture capital landscape, noting that only top funds and niche players are thriving while others struggle.
Lerer posits that firms not excelling in any specific area and managing moderate amounts of capital are likely to face significant challenges in the current climate.
According to Lerer, the outlook for many venture funds is grim unless they either align with top-tier funds or carve out distinct niches.
The decline of active venture firms in the US points towards a concentration of investments in established players, indicating a precarious future for mid-tier funds.
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