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May 29, 2003
[FiRe] Venture Capitalists' Track Records
These are notes from the Future in Review conference. More here.
George Zachary, a venture capitalist with Mohr Davidow Ventures, brought up an interesting point on why venture capital activity will generally decrease further in the near future.
When the next funds of venture capital will be shopped around to investors for them to fill them with money, the track records of the VCs will be scrutinized a lot. And most of these track records are low right now. Thus, less money will be put in, and thus, much more risk-averse investing will probably continue for a few years to come. There are 8,000 VC people in the US right now, and he expects that to go back to 3,000 as it was in 1995.
Posted by Stefan Smalla on May 29, 2003 at 20:02 | Permalink