Venture Capital Shakeout
from the warning-signs dept
People in the industry are starting to talk about how the dot com downturn could effect some of the upstream providers, such as venture capitalists. A lot of the newer, unproven VCs are discovering that they can’t raise any more money for their funds. I agree that way too many of these new funds were started by inexperienced people just looking to cash in. However, I also feel that the more traditional VC firms hold way too much power over the startup world. I do think there’s opportunity for “alternative” venture capitalists, but they’re going to have to prove they can pick real winners and provide them with much more than the famous top tier VCs. Personally, I’m still waiting to see a VC firm that really understands the concept of “long term”.
