Kids, remember to ask: 1) When did you last make a new investment, not a follow on? 2) When did you last raise a fund and how far through are you with your curr

Kids, remember to ask: 1) When did you last make a new investment, not a follow on? 2) When did you last raise a fund and how far through are you with your current fund? 3) How many new deals did you do in the last 12 months? 4) Which partner was the last one to lead a new investment. I joined a VC shortly after the dotcom crash and yes there were quite a few zombie funds around, even a few LPs attempting to sue for the return of those funds dry powder. Very few remained truly active.