In conjunction with Cooley’s Q2 Venture Financing Report, Jodie Bourdet sat down with Steve Harrick of Institutional Venture Partners (IVP) to get his take on the state of venture capital investing.

Key insights from Steve Harrick

On public financing in Q3 and Q4 2023: “There is still a lot of capital available that has been raised by venture funds, but it is a difficult deal environment when the last round prices were as high as they were in 2020 and 2021.”

On investor attitudes toward AI: “Our belief is that the value from artificial intelligence and machine learning will be enormous, but it will play out over the next several years.”

On investor reactions to market contraction: “What is different from some other cycles is – although the tourists have left, as they usually do when markets contract – the consistent venture practitioners raised a lot of money that will eventually need to find a home.”

Read full commentary from Steve Harrick

Posted by Cooley