US venture capitalists are sitting on $311bn in unspent cash, as they shy away from risky bets on Silicon Valley start-ups and concentrate on finding ways to return capital to their own backers. American VC groups have deployed just half of a record $435bn they raised from investors during the pandemic-era boom between 2020 and 2022, according to private markets data company PitchBook. VCs are coming under increasing pressure to return capital to their own backers — institutional investors, foundations, and pension funds, known as “limited partners”. “LPs don’t usually like to put pressure on VCs to spend money, but if you’re entering your third year of not doing anything, they’re starting to ask what are my fees for,” said a Silicon Valley venture capital investor. “In the first tech bubble crash [in 2000] there were a number of funds who downsized their funds significantly,” he said. “I would hope that we do see that, venture firms cutting their fund size and forgiving commitments to their investors and resizing. That would be a really good outcome.”
- Date Posted:
- January 30, 2024
Anna Rotkirch, research director at the Family Federation of Finland’s Population Research Institute [noted] "The strange thing with fertility is nobody really knows what’s going on. The policy responses are untried because it’s a new situation. It’s not primarily driven by economics or family policies. It’s something cultural, psychological, biological, cognitive." Until recently, fertility decline was driven by families having fewer children than their parents and grandparents. Now the key dynamic is childlessness. In Finland, 3/4 of the recent decline in fertility is attributable to people who have no children. In the family barometer surveys, among Finns born in the late 1970s and 1980s, fewer than one in twenty said at the age of 25 that they didn’t want to have children. Among those born in the late 1980s and early 1990s, that proportion rose to nearly one in four. Nearly 40% of Finnish men with low education are now childless at the age of 45 (and probably for life): a “huge” proportion. Most have no partners. Men are as likely as women to say they want children but are more likely to be childless.