And with fewer VC exits many partners are more overloaded with boards and financings and feel less pressure to do new deals quickly. FOMO is on the decline. Average number of board / observer seats 10 8 8 6 7 5 4 4 3 2 0 0-3 years 3-6 years 6-10 years 10-15 years 15+ years Years of investment experience 19 Source: Upfront Investor Survey, sample size of 76 early to late stage VCs, excluding angel/seed and corporate VCs; Upfront analysis.