Ben Lerer, managing associate of one in all New York’s most prestigious seed-stage enterprise corporations, Lerer Hippeau, shared some predictions with Fortune’s Leo Schwartz.
He believes enterprise corporations will proceed to see a bifurcation as cash pours largely into high funds like Thrive and a16z, in addition to into smaller extra bespoke funds.
“Where you go to die is someplace floating within the center, managing a couple of billion {dollars}, and don’t do something notably properly,” he instructed Schwartz.
While a couple of billion {dollars} is actually not chump change, plenty of corporations have struggled to boost for the reason that finish of 2021’s spending spree. The Financial Times additionally reported earlier this month that the variety of energetic enterprise corporations within the US has began to say no as money flows to solely the highest names. Perhaps the largest instance of a high identify VC agency asserting in 2024 that it could shutter was Foundry Group.
