More VC firms are seeking to raise new funds of $1B+ due to startups staying private longer, SoftBank as possible competition, avoidance of stake dilution, more
and not enough great teams and companies to put these sums of money into. http://www.axios.com/... Jason M. Lemkin / @jasonlk : “Even Sequoia Capital has seen its original Airbnb ownership fall from 20% to around 13%” http://twitter.com/... Shai / @shaig : some of these new larger funds are a directly related to the Softbank Vision fund & they are competing for dealsMost funds take 12+ years to deliver returns / DPI, it is going to be a long time before we know if any of these new larger funds look promising, even on a TVPI basis http://twitter.com/...