VCs, the End?
During last couple of weeks, I received emails from my VC friends if I am aware of any job opportunity for them!!! Initially I thought it is joke or something; but no, they were serious. Venture capitalists are a breed in decline! Just 17 venture capital firms raised new funds in the third quarter of 2009, the smallest number of firms in any quarter since the third quarter of 1994, according to new data released by Thomson Reuters and the National Venture Capital Association (NVCA). While venture capital firms typically raise money every three or four years, and so a single quarter represents only a snapshot, the very small number of firms raising money (historically speaking) shows just how much of a crunch the industry is in right now.