<story><title>VC Fund gives money back, says the market for mature startups is too weak</title><url>https://www.nytimes.com/2024/10/02/technology/crv-vc-fund-returning-money.html</url></story><parent_chain></parent_chain><comment><author>rmbyrro</author><text>&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;archive.is&amp;#x2F;Eku28&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;archive.is&amp;#x2F;Eku28&lt;/a&gt;</text></comment>
<story><title>VC Fund gives money back, says the market for mature startups is too weak</title><url>https://www.nytimes.com/2024/10/02/technology/crv-vc-fund-returning-money.html</url></story><parent_chain></parent_chain><comment><author>paxys</author><text>The current batch of tech &amp;quot;decacorns&amp;quot; (Stripe, Databricks, Canva, Chime, Miro, Discord, Ripple, Brex, Airtable etc) all raised money at unrealistic valuations in 2020-2021, and with the subsequent tech cool off the market today can simply not sustain the same numbers. With no IPOs or acquisitions on the horizon, and no appetitive for down rounds, there&amp;#x27;s essentially a funding stalemate for companies at that stage (unless you have &amp;quot;AI&amp;quot; in your name of course).</text></comment>