Top venture capital firms accelerate fundraising to meet the huge financing demands of AI unicorns

Crypto news, Top-tier venture capital firms Founders Fund and Thrive Capital are shortening their fundraising cycles to less than two years. Founders Fund raised $4.6 billion last year and launched a $6 billion fundraising effort this year, due to their average investment of $600 million in seven companies including OpenAI and Anthropic. In a funding round valued at $900 billion for Anthropic, with a scale of $65 billion, four lead investors each contributed over $2 billion. Howard Morgan, Chairman of B Capital Group, warned that investing within a year would miss the opportunity to position during the downturn and would lower returns. Data from Carta shows that since 2021, the top 10% of funds have recovered only 0.16 times their principal, with mid-tier funds breaking even. Some venture capitalists are bringing forward their fundraising plans to participate in OpenAI and Anthropic's IPOs within the year, and are expanding to overseas sovereign wealth funds. A16z is establishing new collaborations with several overseas sovereign wealth funds.
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L2ArbitrageTrader
· 3h ago
Top-tier VCs are competing like this now, with fundraising cycles compressed to less than two years—are we back to an era where money chases projects?
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KiteAndBlock
· 3h ago
Founders Fund's pace is too aggressive, raising $4.6 billion last year and directly $6 billion this year, with substantial bets on OpenAI and Anthropic.
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