📶 will we see more or less venture money in five years?

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Good morning 👋

For better or for worse, I love hearing how LPs are thinking about the private markets.

Maybe that’s because I used to sit in that seat, or maybe it’s because I have a weird obsession with macro thoughts about niche industries. Who knows?

Harry Stebbings put out a question earlier this week about whether or not we will see more or less venture $ over the next five years.

Here is a breakdown of the best response to that question …

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