VCs Lose Money Over 12 Months For The First Time Ever
from the maybe-they-should-have-been-more-careful... dept
For the first time ever, over a 12 month period of time venture capitalists lost money for their limited partners. I find that a little strange actually – since venture capital is supposedly some of the most risky investing to go on. At some point in the past few decades, you would have thought they would have lost money in the aggregate. Anyway, there is some good news in the report: the trends are for smaller losses moving forward. The cynic in me (me? cynical?) says that’s because they’ve already written off the thousands of awful investments they’ve done, and now they’ve just dumped their remaining cash into money market accounts earning a few points while they wait out this mess.