Venture Capitalists Running Out Of Money

from the that-can't-be-good dept

Well, we keep hearing about startup companies running out of money, but how about those venture capitalists who supply them (or, as the case may be, refuse to supply them) with all that funny money to play with? It seems that some venture capitalists may be running out of money as well – with little to no hope of raising any more funding. The first known example of this is CMGI’s @Ventures, which is apparently completely out of cash. That, of course, makes things difficult for its portfolio companies who were hoping for a little added support during these lean times as well. Update: CMGI has just announced that we don’t know what we’re talking about and @Ventures has not run out of money at all.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...