Read the letter a fintech-focused VC sent investors laying out why 'hype rounds' that drove ballooning valuations just won't work anymore

· Financial Venture Studio's cofounders and managing partners, Ryan Falvey and Tyler Griffen, believe momentum investing and "hype rounds" will no longer be a sustainable strategy for VCs. 
· The lack of social gatherings post-pandemic will make it too hard for VCs to coordinate investments and pick winners, they wrote. 
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