With liquidity rare, VCs may get creative to return investor cash

The Exchange, a column and newsletter from TechCrunch+, is coming to an end as the platform is set to sunset this month. The column, which began in 2019, has published over 1,000 pieces and has been a significant driver of subscribers to the paid product. In its final issue, the column discusses the rise of continuation funds in venture capital, which allow for the "resetting of the clock" on some assets in old funds by selling them to a new vehicle controlled by the same entity. This strategy is becoming increasingly popular as venture capital activity increases and immediate exit opportunities decrease.

The column also reflects on some of its most impactful articles, including pieces on the $100M ARR Club, the rise of API startups, the boom and subsequent slowdown in startup funding, and the impact of AI on startups. Despite the end of The Exchange, the authors, Alex and Anna, will continue to cover topics such as unicorn health, debt financing, and AI at TechCrunch.

Key takeaways

The Exchange, a column and newsletter from TechCrunch+, is coming to an end as the platform is sunsetting this month.
The article discusses the concept of continuation funds in venture capital, which allows funds to 'reset the clock' on some assets by selling them to a new vehicle they also control.
The Exchange has been a significant project for TechCrunch+, producing over 1,000 columns and newsletters and driving subscribers to the paid product.
Despite the end of The Exchange, the authors plan to continue covering topics such as unicorn health, debt financing, AI hubs, and S-1 filings.

With liquidity rare, VCs may get creative to return investor cash | TechCrunch

Key takeaways

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