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January 02, 2024 | Tom Ballard

Majority of Kauffman Fellows are bullish on 2024

Sixty-five percent of those surveyed expect to do more deals in 2024.

Kauffman Fellows, an organization with a two-year development program for distinguished venture capitalists (VCs), surveyed 250 founding and managing partners of VC firms, and 57 percent said market conditions in 2023 resulted in longer fundraising timelines.

That’s according to this article in Institutional Investor that also reported that more than half of them (55 percent) said it was challenging to attract new investors and a third (30 percent) struggled to raise capital from their existing clients. But 59.51 percent also said they were confident they would meet their fundraising goals for 2024.

“The optimism about fundraising goals could be explained in part by a deal tailwind already in motion,” the article noted. “Among VCs surveyed, 70 percent reported making more investments and deploying more capital in 2023 compared to 2022, and 65 percent expect to do more deals in 2024 than they did this year. Only 30 percent anticipate doing the same number of deals in 2024 as they did in 2023.”

In less than two weeks, the annual “Investor Outlook Series” will start publishing with insights from six VCs who invest regularly in the region.


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