I'm curious whether the issue is that there isn't an appetite among LPs for lower-risk, lower-yield investment, or that the indie.vc terms didn't enable enough upside or liquidity?

If it's not VC and it's not loans, what is the answer for funding growth at post-revenue companies that don't fit the hyperscaling model?

This is a shame, we had the opportunity to meet with Bryce. He comes across as someone who has thought deeply about the space and was in it for the right reasons.

I’m struggling to imagine why LPs wouldn’t want Indie.VC investing in profitable companies. I had thought LPs had different buckets they try to invest their portfolio in. It makes sense that Indie.VC wouldn’t fit the mold of the “1% chance at 100x” but you would think they’d be a great fit for the “50% chance for 5x” bucket.

There probably isn’t a single reason, but I’d be interested in learning more about the LP <> VC dynamic in general if anyone has any insights.

that sucks. I will miss their flaming unicorn. Wishing Bryce the best in his next ventures.