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21 However, most LPs didn’t Upfront LP Survey of the Venture Capital & Startup Industry

However, most LPs didn’t think the Trump presidency will have a major
impact venture capital.
LPs 15%69%12%4%
Very beneficial No impact Uncertainty but limited impact Concerned
Q. Considering all these issues (offshore development, H1-B, M&A, surveillance, China
relations / manufacturing, etc.), how will a Trump presidency impact venture capital?
Source: Upfront Ventures survey of LPs (N=82), Jan 2017