@kitun
Something no one tells you when you're 20yo:View quoted post on X
MD at an investment bank = sales
Partner at a consulting firm = sales
Partner at a law firm = sales
CEO at a startup = sales
Partner at a VC firm = sales
CEO at a AI lab = sales
Sales is the lifeblood of any company, something I feel Europeans need to be reminded of more often than Americans.
1️⃣2️⃣ A good sign, though: money for VC funds is coming back, with $108B raised by September 2026, more than in all of 2025.
But it goes to the biggest funds. Funds of $500m or more got 78% of it.
Only 211 emerging managers (firms raising their first few funds) closed a fund, against 927 in 2022 (the post-COVID golden age of emerging managers.)
(PitchBook-NVCA)View quoted post on X
