In an interview with Cheddar TV, IPO Edge Editor-in-Chief John Jannarone argues that much of the venture capital money from big exits this year – Uber, Pinterest, Lyft, Slack, and Zoom – may well get piled back into VC funds. However, it’s worth remember what happened when the music stopped 20 years ago after the tech bubble. With the exception of a few firms on Sand Hill Road, venture capital fundraising virtually dried up as fund returns suffered. If successful exits were to slow again, Silicon Valley could be in for a repeat of the early 2000s dry spell.