It never ceases to amaze me how strong and slow decaying venture firm brands are.
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Agreed on this point. The difficult part is being "on the inside" and knowing that decay is happening slightly more linearly in real-time vs. the more public, sudden monumental falloff.
what's fascinating is how the "breaking point" moments are entirely emergent/unplanned. even if everyone on the inside knows that things are in decay, the rapid partner shedding are relatively tightly clustered and not at all coordinated.
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I'd debate "not at all coordinated" tbh. Everyone on the inside knows when conversations are happening around promotions, carry, next fund, etc. and also knows who is in good standing/untouchable vs. not.
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Aren’t the ones with the most / best options (either going to make partner / get more carry OR start own firm / join new top tier) the most likely to leave though?
End of conversation
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