Earlier this year, Silicon Valley-based IVP closed on $1.8 billion for its 17th and largest flagship venture fund, with a stated strategy of placing bets on later-stage, high-growth tech darlings like Robinhood and Coinbase. That was the firm's official narrative for standing up a big new fund, but arguably this says much more about how fund allocators like pensions and endowments are flooding the VC market so overwhelmingly that venture capitalists are barely treading water trying to keep up.

Such is the magnitude of capital being thrown into the asset class by limited partners, who are racing to up their own VC bets in pursuit of ever more exposure to opportunities in the tech boom. READ MORE