How much does venture capital need to contract?

Today, Josh Kopelman wrote another piece on the need for the asset class to shrink: http://bit.ly/2vgJRv.  He also says funds need to shrink in size. I agree but we also need to make sure a thousand early stage firms fighting for the same few deals doesn’t get out of hand.  Whenever there is pressure for pricing to get away from a deal’s fundamentals, I get nervous.

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