The thing I'm frankly most worried about is interest rates, which will be the thing to reset the current angel situation. If interest rates rise, it's likely some of the more levered investors will have a safer place to put their cash than LPs. Seems like it'd be an inverted stage crisis where people either can't raise late stage rounds and maybe that stops up the front?
The thing I'm frankly most worried about is interest rates, which will be the thing to reset the current angel situation. If interest rates rise, it's likely some of the more levered investors will have a safer place to put their cash than LPs. Seems like it'd be an inverted stage crisis where people either can't raise late stage rounds and maybe that stops up the front?
This is all with about 5 minutes of thought.