You make it sound like these transitions have yet to come. Where are we in the whole downsizing process?
For all the upset we’ve already seen, we’re probably relatively early in the stages of people getting out of VC. Someone could know now they can’t raise another fund, but they could have another year or two of things to do in the industry before they’re forced to find something else. A lot of funds raised in 2000 are coming to the end of their lives. All the people in those firms are going to have to go elsewhere.
Interview with VC Recruiter Jon Holman on the VC Job Scene, Nine Months Into Downturn