I'm curious to see what the fallout will be for the VC industry. Can somebody correct my wrong assumptions here... They have a ton of funds that need to be de

I'm curious to see what the fallout will be for the VC industry. Can somebody correct my wrong assumptions here... They have a ton of funds that need to be deployed in an approx 4-5 year period. If they don't deploy the funds, they don't get their carry, they also won't be able to raise another fund. Will they end up throwing a large amount of money at a smaller number of start-ups? More VCs will chase the best deals, raising the price of those start-ups. Then the 2nd tier companies will probably follow. Or will VCs return funds to LPs? Give up on the being VCs and say "I always loved being an operator, so now I'm returning to that". I think this is good for the tech industry long-term. The SaaS companies that have been raising huge $$ don't need the dollars, and many weren't offering real value. I think we're seeing more money flow into deep-tech, particularly energy, environment, and health.