GROUNDWORK

GROUNDWORK

Field Notes

Call In Sick

The Valkyries are selling the whole league. Too many of us are shorting ours.

Earnest Sweat's avatar
Earnest Sweat
Oct 29, 2026

Something has been bugging me since I left a large GP and LP conference last week. Almost every event I went to with GPs and LPs in the room turned into a conversation about how bad the venture market is right now. Not a hard market, which it is. But bad, as an asset class, said out loud by the people who raise for it and the people who fund it. Then a …

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