Foley Equipped

The Venture Market Is Not Recovering. It Is Reorganizing. 

I have been in this business long enough to remember when a fund closing meant a conference room and a handshake. The venture market is constantly evolving. Last week, I read PitchBook’s Q2 2026 US VC Fundraising and Returns Report (published August 4, 2026), and it put hard numbers on what everyone at the closing table already feels. The venture market is not recovering. It is reorganizing, and the new organization has a dozen names at the top of it. 

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