“Exploring Klarna Controversy and Fundraising: Insights from IVP’s Eric Liaw on Succession Plans in Today’s Market”
Was the fundraising process any more or less difficult this time given the market?
If you really rewind the clock, back in 2018 when we raised our sixteenth fund, it was a “normal” environment.
There’s obviously a valuation reset going on for every company seemingly that’s not a large language model company, which is a lot of companies.
I’d guess that gives you easier access to top companies, but also hurts some of your existing portfolio companies.
I don’t think anyone has ever reached a great venture outcome feeling like, ‘Man, I got a steal on that deal.’ You always feel slightly uncomfortable.
