Next Frontier Capital’s 2023 Annual LP Meeting Recap

On October 27th, an exceptionally cold and snowy autumn day in Bozeman, Next Frontier Capital held its Annual Meeting, for a discussion with our Limited Partners (LPs). Each year, we gather to discuss our views on market development, portfolio performance, and changes in our Firm. Looking back, 2023 proved to be a year of transition. Transition into a new macroeconomic regime, one of higher interest rates, transition into a new venture hype cycle, generative AI, and transition into a period where capital formation for both managers and companies is more challenging. Despite these transitions, our core thesis remains intact, and we expect many companies of global impact will be founded in the Rocky Mountains over the coming decade, as more and more people choose this region as their home and place of work.