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To raise an opportunity fund this year or to not raise an opportunity fund?

One of the biggest venture capital trends of the last few years was early-stage firms raising “opportunity” funds to make follow-on investments into their most successful bets. But amid a tougher fundraising market that impacts both VCs and startups, muted exit environment and slowdown in late-stage funding, will that trend continue?
Earlier this week, TechCrunch first reported that Lux Capital was raising money. What stood out was the firm ditching its opportunity fund and combining its early- and late-stage strategies into one vehicle that will mainly focus on early-stage deal-ma

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