CNBC November 14, 2024
Key Points
– Venture capitalists at Web Summit — one of Europe’s biggest tech events — say things have become more difficult for tech investors as they’re unable to cash out of long-term bets.
– “In the VC world, it’s really all about liquidity stupid,” Edith Yeung, general partner at Race Capital, said in a CNBC-moderated panel.
– Larry Aschebrook, founder and managing partner of G Squared, said the hunt for liquidity is getting harder, despite “nuts” funding rounds for AI firms like OpenAI.
LISBON, Portugal — It’s a tough time for the venture capital industry right now as a dearth of blockbuster initial public offerings and M&A activity has sucked liquidity from the market, while buzzy artificial intelligence startups...
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