Venture-capital firms have slowed deal making, which poses a dilemma for investors looking to make a name for themselves.

Many venture investors early in their careers are facing a new question: How do I prove myself in a declining market?
“It’s a pressure-cooker environment for emerging VCs,” said Adam Dawkins, founder of the Emerging Venture Capitalists Association, a nonprofit with about 1,350 members, who mostly hold titles such as analyst, associate, vice president and principal at venture firms.

