(this is another big piece of why VCs are moving into PE; blood in the water, etc etc) https://t.co/z2f4NXIFnz

Truly a fascinating time; we had a long period of PE entering VC, and the occasional VC flirting with incubation, but this is really the apotheosis of the transition started a few years ago by Sequoia and A16Z (with their restructurings) of VC starting to do PE. https://t.co/UfUlMyPS5v

Q1 2025 was the strongest quarter for startup M&A dollar volume since 2021, totaling $71B in reported exit value globally, Crunchbase data shows. The buyers include strategics and PE firms as well as some deep-pocketed startups scooping up smaller peers. https://t.co/6nLKT9rfzH