[lpolovets]

It's not clear to me that the title of the post is the logical conclusion from the post's content. The post talks about fewer investors in VC rounds, but the definition of an investor is just anyone who made 2+ investments. I imagine that includes angel investors, family offices, etc? I'm a VC, and ~100% of the seed VCs I know are still making new investments. For Series A and later, it's also ~100%, but at a slower pace. I do know a bunch of angels and family offices that ramped up a few years ago and then paused when the market corrected.

(The thing that made me suspicious here is that the graph shows the number of investors grew from 5,000 to 7,500 a few years ago, but there's no way we got 2,500 new VC funds in a single year in 2021.)