To most, the world of venture capital appears to be in the midst of chaos. Poor 10-year returns. Many bloated GPs. The super angel/micro VC "phenomenon" (if it can be called that). Rumors of collusion. A largely closed IPO market. Stock market uncertainty. An uncertain regulatory climate. And on and on. A crazy time to be a venture capitalist, right? Well …
I contend that venture capital, like every other asset class, moves in cycles. It's only that most of our perspectives are so short that we tend to lose sight of the fact that what appears to be "historic" is, well, ordinary when viewed through a longitudinal prism. But as is the case with self-correcting systems, it will, in fact, correct (and likely overshoot as trend-shifts generally do).
To read the full, original article click on this link: The rebirth of VC (really!) - Fortune Finance
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