[rl3]

In theory this won't affect the decision making process of top-tier VCs. A good invesment is a good investment regardless of the prevailing funding climate.

In practice, I'm guessing if the LPs get cold feet, then VCs will be forced to triage their funding decisions accordingly. How much this matters given the sheer size of some funds, I'm not sure.

[pritianka]

Agreed -> a good investment is a good investment regardless. The best startups often have raised in the worst of times.