The “venture recession” of 2016 is in full swing. Combined with the usual summer slowdown, some are already raising the spectre of 2001 or 2008. Recession or not, what is universal is the bewilderment of many entrepreneurs on how negative VCs have become over the past nine months after almost five years of non-stop cheerleading.
As an entrepreneur on the other side of that table many moons ago, I always wondered the same thing – how the venture investment cycle goes from cold to hot to cold again with almost zero connection to the actual fundamentals of the companies seeking funding.
