Venture Capitalists Getting Nasty
from the fighting-over-the-scraps dept
It seems the venture capital world is turning quite nasty these days (NY Times, registration, blah blah). With the IPO window still not really open, VCs are demanding more and more onerous terms from companies they invest in. They’re doing the best to take all the risk out of their investments – despite their whole reason for being: to be the risky capital. They’re also getting meaner with each other, forcing out older investors and suing each other over unexpected dilution. Update: This story goes well with the saga of Wine.com, who apparently forced most of their original investors to take a complete bath with this latest round.