We have seen a steady recognition over the past 5 years by LPs that there is a
need to find new managers to drive alpha in addition to established firms.
3% Too many
Looking to add
Cutting back, may add 1-2
Happy with roster
Q. How would you describe your fund’s current outlook on VC managers?
Source: Upfront Ventures survey of LPs (N=82 and N=73, respectively), Jan 2017, Jan 2016