Venture firms face new scrutiny from LPs

(Axios) Limited partners’ grumpiness about VC distributions is not for naught: the industry’s cashflow ratio at the end of 2022 (-$48.8 billion) was at its most imbalanced since at least 1998, per new PitchBook data.

Why it matters: Investors are giving more scrutiny to VCs in their portfolio who didn’t return much cash during 2021’s extraordinary market and are now asking for more.

Read more here.

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