The bet is more likely that the venture

In the meantime, LPs may not be responding so much to what’s around the corner in 2024 but looking across the longer horizon, particularly given that venture funds typically invest across a 10-year period.

As Gillani notes, so many new fund announcements doesn’t necessarily indicate that 2024 is going to be “a prosperous year.” The bet is more likely that the venture industry — always a cyclical business — will invariably bounce back, and that this rebound will happen sooner than later.