Axios Pro Rata: VC status quo — One big tea thing — Tinfoil billions
Top of the Morning | Friday, January 31, 2020 View in browser Presented By Cooley Pro Rata By Dan Primack · Jan 31, 2020 Greetings from LAX, as I await a flight back to Boston. Great meeting so many of you over the past few days at Upfront Summit, which ended with a literal bang . Top of the Morning Over the past 48 hours I've met with at least 50 venture capitalists and nearly as many limited partners in venture capital funds, representing varying geographies, experiences, and specialties. My goal in such settings is to suss out a consensus trend or sentiment. The same thing that keeps arising in varied conversation, unprompted. For the first time I can remember, there wasn't one. Venture's first half of 2019 was all about the rapid ascent, whether it be round sizes or valuations — fueled by everything from Soft...