Top VC admits newer Aussie funds will struggle to raise capital
Investors expect younger venture capital funds to start failing alongside zombie start-ups that have struggled to survive since the cheap money of the pandemic era ended.
Square Peg Capital partner James Tynan said it was not just start-ups facing financial pressures of the so-called tech winter, but also the funds themselves.
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Yolanda Redrup is the co-editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
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