PYMNTS.com November 14, 2024
Venture capital firms are reportedly struggling amid a lack of mergers, acquisitions and public listings.
It’s a situation that has led to a liquidity drought as artificial intelligence (AI) startups draw investor attention, CNBC reported Thursday (Nov. 14).
“In the U.S., when you talk about the presidential election, it’s the economy stupid. And in the VC world, it’s really all about liquidity stupid,” Edith Yeung, general partner at Race Capital, a Silicon Valley early-stage venture capital (VC) firm, said at CNBC-hosted the Web Summit tech conference in Lisbon.
Yeung said the lack of initial public offerings (IPOs) in the past few years had fostered a “really tough” environment for the VC world. Meanwhile, investors are clamoring to back AI companies.
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