Winning the Venture Game (2025 Edition)

In speaking to founders and investors recently here’s what I’ve learned about today’s environment: * Worst time for startups fundraising since 2001 (when Web 1.0 bubble burst) * Tons of incredibly talented people are out of work from the tech layoffs * Worst time in history for VCs fundraising from LPs * Prediction from a VC insider: 30%+ of VC firms will fail in next few years ## The Opportunity