venturecapital

“Meanwhile, many LPs themselves are increasingly strapped for cash. The recent IPO slowdown and a broader trend of startups staying private for longer means that some long-time investors have found themselves overexposed to VC bets that have yet to pay off. Adding to the problem: universities and foundations, whose portfolios often include venture capital investments, have recently been on shakier political footing.”

It’s Never Been Harder to Make It in Venture Capital
https://archive.is/jGcAm

anecdotally confirming that fundraising is insanely hard right now

pre-seed cooked
Series A-B cooked

unless i guess you're riding some historical reputation