Bloomberg::
Pitchbook: Emerging managers in VC, defined as those who have three funds or less, have collected $ 17 billion in the United States in 2024, compared to $ 64 billion in 2021 and $ 4.7 billion so far in 2025– The financing of new VC companies has greatly turned down, putting enormous pressure on newcomers. – There is a crisis for the next generation of venture capital.