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‘The 2021 era glorified the role a lot’: How venture capital has changed since the pandemic gold rush

‘The 2021 era glorified the role a lot’: How venture capital has changed since the pandemic gold rush

The day-to-day lives of venture capitalists have changed dramatically over the past two years. Gone are 2021's record-breaking days of excess, propelled by immense investor FOMO and cheap capital. They have been replaced by a period of contraction and relative prudence, where soaring interest rates have largely curbed lavish bets on loss-making startups. "The 2021 and 2020 era glorified the role a lot but actually it's working with impossible odds …