The State of Venture Capital (May 2025)

Venture Capital in 2025: Is the Math Broken?

Global VC funding has dropped sharply, median returns are lagging public markets, and distributions have slowed. But the full story is more nuanced.

In this video, we break down:
– Why LPs are pulling back
– What separates top-performing VC firms
– Where future liquidity will come from
– And why AI looks to be the next major platform shift

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