Friday, May 11, 2007

B and C List VCs Sucking Wind

nytimes grab.png The New York Times today provides more reportage on the woes of the venture capital sector. Unless you are a top 40 venture firm, you are in a world of hurt.

“It’s been almost a decade,” said Eric Doppstadt, director of private equity for the Ford Foundation, which invests in venture capital firms. “I find it shocking that an asset class that has provided so little payback continues to attract so much capital.”

Read - Some Unrest Is Bubbling Beneath the Top Tier (NY Times)