Less ventured
Submitted by jpark on Mon, 10/27/2008 - 16:46
VC in washington DC from the washingtonpost.
So things aren't rosy right now in DC. They're not happy in a lot of places.
I've met and talked with many of the investors quoted. It seemed a decent representation of the folks, given my interactions with them.
What I noticed was the number of deals per partner, given the lack of exits. That's a lot of companies per person. Some of those were expected to have exited by this point. With the backup, it's more work, fewer outs, and a change to the model of VC.
Maybe VC needs to be changed. There have been whispers that the business model might be broken now.
So things aren't rosy right now in DC. They're not happy in a lot of places.
I've met and talked with many of the investors quoted. It seemed a decent representation of the folks, given my interactions with them.
What I noticed was the number of deals per partner, given the lack of exits. That's a lot of companies per person. Some of those were expected to have exited by this point. With the backup, it's more work, fewer outs, and a change to the model of VC.
Maybe VC needs to be changed. There have been whispers that the business model might be broken now.
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