Remove 2000 Remove Government Remove LP Remove PR
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Why The SBIC Doesn’t Work For Venture Capital Anymore

Feld Thoughts

Each of the SBIC funds were raised in the 2000 – 2002 time period. On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. The US government, however, lost most of the $2 billion it put into SBIC firms.”

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Applied Venture and the inexorable rise of value-add VC

The Equity Kicker

Most investors thought of their job as picking good companies and making sure governance was strong. From around 2000, and perhaps coinciding with the need to work harder to win deals as opportunities dried up after the internet bubble burst, individual partners at VC firms began adding ‘helping CEOs win’ to their job descriptions. .