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.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
