We saw this after the dot com crash and the GFC too. VC offices became sad places. Lots of meetings but no deal making. It’s during this downturn phase of the c

We saw this after the dot com crash and the GFC too. VC offices became sad places. Lots of meetings but no deal making. It’s during this downturn phase of the cycle that the 2% management fees charged by VC funds seem truly excessive.