The first half of 2022 broke fundraising records at VC firms, but at the same time, pretty much everyone we spoke to expected fundraising to slow to a trickle by the end of the year. And while it is slowing down, fundraising is also getting really weird.
By weird, I mean largely unpredictable. According to Kari Harris, an attorney focused on firm fundraising at Mintz, while fundraising remains relatively healthy overall — GPs still have the upper hand in negotiations with LPs, which, to her, is a good sign — it’s slowed for many.
“I have seen an extension in the period of time from
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