Monday, October 09, 2006
Too Much Money, Not Enough (Good) Companies
"So says Sevin Rosen, which VentureBeat discovers will return the money it raised to investors. Is this a sign? From the story:
...in a letter sent to its investors Friday, a copy of which was obtained by VentureBeat, the firm made a surprising about-face. It told the investors it had decided there is “too much money,” “too many deals funded in almost every conceivable space,” and a “terribly weak exit environment.” Moreover, it sees no changes in the foreseeable future.
The story was broken by the Times (covered here by Stowe) and used as a peg to wonder aloud: is VC model working anymore?..."
"So says Sevin Rosen, which VentureBeat discovers will return the money it raised to investors. Is this a sign? From the story:
...in a letter sent to its investors Friday, a copy of which was obtained by VentureBeat, the firm made a surprising about-face. It told the investors it had decided there is “too much money,” “too many deals funded in almost every conceivable space,” and a “terribly weak exit environment.” Moreover, it sees no changes in the foreseeable future.
The story was broken by the Times (covered here by Stowe) and used as a peg to wonder aloud: is VC model working anymore?..."
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