Mark Suster, prolific blogger and partner at GRP, is not one to mince words. At Vator and Bullpen’s Venture Shift event in New York last November, where Suster gave a keynote, his point was essentially: I’m not funding you. And, 2012 (maybe 2013) will be an ugly year as funds dry up.
In 2012 or maybe 2013, “fund flows slow down,” he said.
Watch his 30-minute keynote, in which he also provides a good analysis on the state of venture capital and how we got here. Also, read Faith Merino’s write-up: Mark Suster on ENIFA: “Everyone now is a f***ing angel”