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

About this same point in time, the journalists that focus specifically on the venture capital industry noted something quite profound. 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. 2015 was the exact opposite.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

The Equity Kicker

JANUARY 19, 2016

The root of the problem, I think, is that from the outside venture capital looks easy, especially during bull markets. Moreover, even experienced and successful venture capitalists are investing in companies that look stupid. I’ve seen that happen to angels, entrepreneurs, and corporate VCs. Ergo – investing is easy.

Europe 60

Europe IPO LP Venture Capital 60