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Top venture capital firms such as Founders Fund and Thrive Capital have shortened their fundraising cycle to less than two years. Founders Fund raised $4.6 billion last year and launched a $6 billion fundraising campaign this year, as it has invested an average of $600 million in seven companies including OpenAI and Anthropic. In Anthropic's $900 billion and $65 billion financing, the four leading investors each contributed over $2 billion. Howard Morgan, Chairman of B Capital Group, warns that investing funds within a year will miss out on opportunities for trough layout and lower returns. According to Carta data, the top 10% of performing funds have only recovered 0.16 principal since 2021, with a return rate of zero for midstream funds. Some venture capitalists have advanced their fundraising plans for 2027 and explored overseas sovereign wealth funds in order to participate in financing before the IPOs of OpenAI and Anthropic within this year. A16z is establishing new partnerships with several overseas sovereign wealth funds.