from the consolidation-time dept
A lot of VC firms popped up over the past five years or so, and suddenly they’re finding it difficult to survive. Exit events for their portfolio are increasingly rare, and they certainly can’t raise any more money at this point. So, many of the marginal VC firms are merging with other marginal VC firms to create larger marginal VC firms. It’s unlikely to help them much, but maybe it’ll keep them in business long enough to make a little more cash on “management fees” before having to go look for other jobs.