Most VCs Have No Plans To Return Money
from the it's-mine!-all-mine! dept
Despite all the high profile stories about venture capitalists returning excess cash to their angry limited partners, a new study of VCs has shown that the large majority have no plans to give back any of their cash. They’ll sit on it for as long as possible and collect management fees while waiting for the damn IPO window to open again. They know how hard it is to raise money right now because they’re the ones turning down startups these days. They don’t want to be on the other side of the coin (literally), needing to raise more capital from limited partners.
