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Venture firms are making more hires a?? here's what that means for entrepreneurs

Venture firms are making more hires a?? here's what that means for entrepreneurs
HBO



With the increase of capital in Silicon Valley, venture firms are bringing on more partners.




Some entrepreneurs say that the process of raising capital from bigger firms has grown increasingly bureaucratic.




There's an increase in the number of venture firms making new hires, and it's having a ripple effect on how entrepreneurs raise capital.
A new report from compensation data firm J.Thelander Consulting shows that 80% of venture capital and private equity firms brought on new members in 2018, a 14% uptick from last year. Much of this has to do with the amount of money flooding Silicon Valley's funds, as a vanguard of established firms rake in several billions to be deployed over the course of the next few years.
With more money to manage comes an often necessary obligation: more people to manage it. For founders, the addition of more partners to venture firms often means more opportunities to pitch their fledgling businesses. One founder who declined to be named told Business Insider that he had pitched a top tier firm multiple times in the hopes of securing funding. Even after facing rounds of rejection from the same firm, there was still plenty of reason to persist.
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