Venture Capitalists Downsizing People And Funds
from the cutbacks-all-around dept
It seems it wasn't just the dot coms that over expanded the last few years. More and more venture capitalists are laying off employees, cutting back management fees, and shrinking funds. It seems that (as expected) the limited partners are beginning to get a little annoyed that they're paying the VCs so much money just to sit on their cash. We've spoken before about some of the smaller VC firms and corporate VC firms cutting back, but this article details what's happening at a number of larger firms. They even say that Kleiner Perkins is planning to stop investing its latest round, return the leftover money, and raise a new, smaller, round instead.
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
