In a nutshell, evergreen firms have open-ended fund structures with no termination date. As such, they are permitted to recycle capital from realized returns and aren’t bound by the same time constraints as a traditional VC’s.
Sequoia Capital, one of the oldest and most respected venture funds, issued its “Black Swan” memo to its portfolio companies warning them to have enough cash on hand and make decisive decisions to weather the storm (…)
Billions of dollars have flowed into startup investing this decade, but the era appears to be closing with the coronavirus pandemic. Limited partners are saying no to younger venture firms who are still out raising, while cutting back on weaker existing firms in their portfolios (…)
This guide is designed to give you specific, tactical actions you can take right now to mitigate spread of the virus, provide answers to your team’s frequently asked questions, and keep your business running as usual.