Is venture capital going back to the future?
Wikipedia
With its reputation tarnished by poor returns and bloated funds raised over the past decade, the industry is rapidly downsizing. In the last two years, 252 venture firms only raised $25.2 billion - a big drop from the $68.7 billion raised by 419 funds in the two years before that.
It’s clear that investors in venture funds are reconsidering their relationships with poor-performing firms, or eschewing venture capital altogether. At the same time, these limited partners are also taking a closer look at a new breed of fund managers - which some call “super angels” or “micro VCs” - who are preaching a return to the earlier days of venture capital when funds were small and former entrepeneurs ruled the land.
To read the full, original article click on this link: Back To The Future For Venture Capital Funds? - Venture Capital Dispatch - WSJ
Author: Scott Austin
