49 place 17

245 A Venture Firm’s Collapse Stokes Layoff Fears Among Startup Investors

The Information
Kate Clark @ The Information 2 place · 12/15/2023 09:00 EDT

A Venture Firm’s Collapse Stokes Layoff Fears Among Startup Investors

Earlier this month, when Boston-based venture capital firm OpenView told its limited partners it no longer planned to invest in new startups and was laying off a majority of its employees, the VC industry let out a collective gasp.

“It was so sudden, and it made you realize that all these funds are really fragile,” said Jenny Fielding, co-founder of early-stage venture firm Everywhere Ventures. “People see this as the catalyst for more to come.”

For the last decade, a career in VC came with the promise of

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