Michael A. Greeley

The National Venture Capital Association has just released the latest MoneyTree data on venture industry fund-raising, which always makes me sit up straight and take notice—it’s kind of an industry scorecard. In addition to being baffled by the fact that the amount the U.S. venture industry invests outstrips how much we raise (see below), I am intrigued by the other forces at work as the VC industry risks becoming more like a money management business. But first the facts…