OpenView Shut Down
Does anyone have insight into OpenView's sudden closure?
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I don't have any details at the moment. It's a huge shock to the industry right now. Came out of nowhere, and funny enough they had raised a sizable fund ($570M) earlier this year, so should have plenty of capital to invest & dry powder. Lots of rumors spreading through the industry, but nothing definitive I've seen yet. TBD...
More to come. So many VCs invested in a) worthless companies; b) at valuations in good companies that make no sense.
2024 / early 2025 is going to be brutal. We are still in 2007. The signs are out there for anyone that truly pays deep attention to both the mkts and economy.
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