Venture Capitalists Continue To Cut Back On Fund-Raising
from the too-much-cash-to-go-around dept
Venture Capitalists last quarter raised less money than they have in almost a decade. There are two major reasons why. First, there are so few IPOs going on, that most VCs don't see a reasonable exit strategy for many companies, and (much more importantly) they're already sitting on ridiculous sums of cash with very few deals to go after. Even with all the cash that VCs have given back this year, they still have plenty to live off of for a few years. Why bother raising more capital, when you've got plenty and there's no where to put it all?
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