https://techcrunch.com/2023/10/17/hoxton-ventures-shoots-for-the-big-time-luring-bryan-gartner-from-khosla-ventures/

Everyone more or less agrees that 2023 is going to be effectively written off in VC-land, as the feeding frenzy of the last few years leaves everyone exhausted, valuations flattened or crashed, and exit market remain more or less closed.

VCs appear to be using this period to get their house in order for the next cycle. We’ve already witnessed General Catalyst using this down-time to scoop up a Seed arm in Europe; another Euro VC spend ‘quality time’ with their LPs to raise another fund; and former bystanders, use it to jump on the AI hype cycle.