47,620 followers
The venture capital industry in Silicon Valley and Asia has seen an acceleration of top-level partners leaving their legacy firms. While turnover is common among juniors in the industry, it is usually rare to see senior venture capital partners leave their posts, as these high-level positions are often more lucrative and hard to come by, according to industry insiders. ➡️ “I think we’ve seen a big sea change over the course of the last decade that has led to the venture [capital industry] turning into asset management more broadly, and I think that’s actually the crux of this issue,” said Rick Zullo, founder and managing partner of Equal Ventures. ➡️ As venture capital partners leave their firms, portfolio companies can also lose their board members, which can be disruptive, especially for early-stage companies, industry insiders say. Read the full report here: https://cnb.cx/3Gp8C0V
