Unicorn companies face challenges from withdrawing investors

Aileen Lee, a veteran venture capitalist, discussed the challenges facing unicorn companies on the StrictlyVC Download podcast. She noted that many startups are struggling due to a lack of support from investors who have distanced themselves after making poor investments. Lee highlighted that many newer investors were not properly trained, leading to a series of bad decisions. This has resulted in numerous companies being left without guidance, as some senior partners have stopped attending board meetings. The lack of due diligence during the funding boom has contributed to these issues. Lee emphasized that this situation raises concerns about the responsibilities of investors to their limited partners.