The Equity Kicker

JANUARY 19, 2016

All three of these are far from easy, but it is raising capital which is the hardest, particularly here in Europe where the venture industry is only just losing the awful reputation it gained during the 1999-2000 bubble. That said, even once they have money most investors pick bad companies.

Europe 60

Europe IPO LP Venture Capital 60

David Teten

MARCH 2, 2013

An article on the New Enterprise Associates blog by Partner Tom Grossi , however, makes an interesting point: most of the megafunds were raised since 1999, a period in which the entire industry did poorly. He surmises that LPs aren’t buying the argument that large funds don’t perform.

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

abovethecrowd.com

APRIL 20, 2016

These mutual funds “mark-to-market” every day, and fund managers are compensated periodically on this performance. In 1999, record valuations coexisted with record IPOs and shareholder liquidity. If 1999 was a wet (read liquid) bubble, 2015 was a particularly dry one. Late 2015 also brought the arrival of “mutual fund markdowns.”

IPO 40

IPO Term Sheet Silicon Valley Valuation 40