“In Q1 2026, the top five venture firms captured 73.1% of the $47.8 billion raised across 172 U.S. venture funds. The next ten took another 15.4%. Fifteen firms accounted for 88.5% of an entire quarter of American venture fundraising.”
Not a database. A room small enough that the people in it can actually say what they think — which allocators are writing, at what size, into what strategy, and why. Oversubscribed puts the best GPs and the best LPs in that room, once a month, under one condition: candor. No pitches from the stage. No decks. No press.
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