Is the VC model broken?

Daniel Primack asks this question in his latest newsletter: Sevin Rosen Funds has indefinitely postponed fundraising for its tenth fund, which had been scheduled to hold a first close this week. This is being treated as big news in VC...

Interesting to see that some VCs are discovering that adding value in an investment should not be just adding money at a late stage, but rather getting involved early to help the company grow.
The "old school" VCs were doing, they may have to go back to it...

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