Rebecca Szkutak
Analysts predict a global seed slowdown of 22% by the end of Q1 because of the covid-19 outbreak, US seed investors say not so fast.
The pension voted to bump up its allocation to venture FoFs and trims its direct fund investments.
Summit Europe Fund II was up 32.5% during the quarter and Trinity Venture XII was up 8.2%.
The asset class has changed and matured so much in the last 12 years that this recession will bring different challenges and spark new solutions. Plus, the secondaries market is more robust now.
The California pension fund made a $10m commitment to Material Impact Fund II.
TCDS has invested in multiple other Lightspeed funds and recent investments were closed on March 6.
VCs predict a swath of new technology start-ups this decade as the network continues to roll out.
The North American market saw more than C$6.2 billion flow into the region last year.
The Los Angeles Fire and Police Pensions dove headfirst into venture last year and ran laps around its 2018 commitment total.
European startup valuations grew across every single stage during 2019.