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A special breed of investor is disappearing from the venture capital industry in 2020 as big-name funds grab more money

26 days ago   |   By Business Insider

Summary List Placement
The rush of startups to the public markets in recent months has minted millionaires and billionaires in their ranks.
Some of those employees might have ambitions of quitting their jobs and trying their hand as venture capitalists, deploying money out of their own pockets or raising a fund from investors known as limited partners, or LPs.
But it doesn't look like a good time to raise for beginner VCs.
A new report from PitchBook shows that fundraising activity for first-time funds has nearly collapsed during the coronavirus pandemic, with only $1.9 billion raised so...
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