Sources: Lightspeed Venture Partners seeks to sell stakes in 10 startups, worth ~$1B, to a private equity-style continuation fund, to let investors cash out
Venture capital firm plans to roll holdings into continuation fund as sector seeks ways to return cash to investors Mastodon: @quoll@mastodon.sdf.org . X: @carnage4life Mastodon: @quoll@mastodon.sdf.org : @Techmeme — > Venture capitalists are under increasing pressure to return capital to their own backers — institutional investors, foundations and pension funds, known as limited partners — as it has become more challenging to exit private market investments. … X: Dare Obasanjo / @carnage4life : Lightspeed Ventures is selling it stakes in 10 startups worth $1B into a private equity style fund because its investors want their money back. ZIRP ending isn't just no more techies moonlighting as angel investors, it's also investors in VC funds asking for a refund. [image]