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Presentation: OpenView plans to return ~75% of a $571M fund it raised in 2023 to its LPs by Q3 and use the remaining capital to back ~30 portfolio companies (@nmasc_ / The Information) https://t.co/cUESxNU6ZU 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/lhxkd02dMM
Pretty bizarre: Openview is returning $430M of the $571M they raised last year. They laid off most of the staff and aren’t making new investments. I’m still not sure what happened here. https://t.co/f3MmEydjp6 https://t.co/pk68laQd6f
Exclusive: OpenView, the VC firm whose decision to wind down last year shocked the industry, plans to return the majority of its latest fund to limited partners. https://t.co/TLTD04C0OC From: @nmasc_
OpenView, a venture capital firm, has decided to return approximately $430M, which is 75% of its $571 million fund raised last year, to its limited partners (LPs) by Q3. This decision comes after the firm abruptly halted operations, laid off most of its staff, and stopped making new investments. The remaining capital will be used to support around 30 portfolio companies.
