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VC Aileen Lee highlights how the broader investor exodus is worsening woes for unicorn companies
In this week's episode of the StrictlyVC Download podcast, veteran VC Aileen Lee was direct about a major consequence of the recent boom-and-bust cycle:
In this week’s episode of the StrictlyVC Download podcast, veteran VC Aileen Lee was direct about a major consequence of the recent boom-and-bust cycle: many companies stuck in limbo aren’t just struggling to regain their footing after raising too much money at unsustainable valuations; they’ve also lost the champions who once backed them. But there’s another reason startups are being left to their own devices “and I find this crazy,” said Lee; in many cases, companies have been orphaned by a more senior general partner “who led the investment – who is still there [at the firm] but just stopped showing up to the board meetings.” As another longtime VC, Jason Lemkin, told this editor in late 2022 when VCs first stopped showing up at the board meetings of startups that were losing momentum: “[S]houldn’t there be checks and balances?
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