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.