Zombie VCs: the Era of the Walking Dead Funds
VCs ask founders a lot of questions. It’s a big part of their job. They’re deploying other people’s money and just as founders have an obligation to make money for their investors, venture firms have an obligation to bring preferably significant returns to theirs.
Founders need to ask investors questions, too. The most important one (or two): are you still deploying funds/when was the last time you made an investment?
PitchBook recently reported that the number of VCs in US deals peaked at 18,504 in 2021 and fell to 9,966 last year.