E19: Top 5 VC funds raise big $, venture capital DPI is back, and Sequoia’s offer to LP’s

Key Points

• The return of capital to limited partners is gaining momentum with notable exits and distributions, signaling a potential resurgence in DPI for Silicon Valley.
• A new study reveals that 70% of unicorn founders are underdog founders, emphasizing the significant impact of diverse backgrounds in driving successful startups.
• The concentration of LP capital in a few blue-chip venture funds is increasing, posing challenges for emerging managers and potentially stifling innovation in the early-stage startup ecosystem.