Great thread by @roybahat (https://nitter.moomoo.me/roybahat) \- worth reading to the end.
Just as it is for startups, this is a Darwinian moment for funds - many will not survive, and that’s a good thing for founders, LPs and the market as a whole. It’s how our industry continues to innovate.
nitter.moomoo.me/roybahat/status/1585296356645576704#m (https://nitter.moomoo.me/roybahat/status/1585296356645576704#m)