The first VCs to go are the small third tier or solo VCs. And the ones caught up in the SPAC or crypto adjacent hype and used up their fund to buy the top of t

The first VCs to go are the small third tier or solo VCs. And the ones caught up in the SPAC or crypto adjacent hype and used up their fund to buy the top of the 2020-2021 bubble in speculative nonsense.