“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

Many LPs are cash strapped as startups stay private longer and IPOs slow leaving investors overexposed to illiquid VC bets especially universities and foundations now facing political and financial pressures.