With Billion-Dollar Funds, Venture Firms Stay Bullish

Public markets may be souring on Internet companies, but a wave of fresh cash flowing into the venture capital business will go a long way in keeping many parts of the startup ecosystem afloat. While late-stage fundraising will get complicated, a broad pullback in traditional venture investing does not appear to be in the offing.

“If I invest today in an early stage business that I believe is fundamentally sound and the market crashes tomorrow, my liquidity timeline is still another five to nine years out,” says Scott Kupor, managing partner at Andreessen Horowitz. It’s this kind of talk that leads entrepreneurs like Eventbrite chief executive Kevin Hartz to believe that “money will be there for startups” as public market investors pull back.