📶 the death of the 10-year life cycle

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Good morning 👋

And Happy Friday - what a week. In case you missed it, here’s what we covered earlier this week:

• AngelList is coming after the entire VC tech stack

• Venture debt is having a moment

• Where proptech money is being put to work

Today we’re talking about fund life cycles and why the 10-year fund may need some adjustments.

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Today’s highlights

• Extended exits are forcing funds to rethink the fund life cycle

• The state of secondaries markets

• A deep dive on Thrive Capital

• Why the best information is the hardest to find