The other day I had a discussion with a well-known figure in the VC industry. He entered the VC scene some time ago with the biggest first timer fund ever in the market. Now he's putting together next fund which indicates a successful management of the first one. Not an easy job considered that the last years have been very hard for almost all high tech sectors and especially for ICT and telcom. In dot bomb times 100m was not a big fund or money at all. Now bn size funds are scaling down and it's difficult to find good returns for all the allocated money. Time value of money seems somehow reversed in the VC circles.
Posted at August 12, 2004 07:21 PM | TrackBack