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A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

The key reason for the explosion in capital flowing into the industry, and therefore the large increase in practitioners, had nothing to do with 1970’s performance, early stage investing, or technology. Instead, the driver was the 1983 bull market. Silicon Valley firms also did many non-tech deals. This isn’t true.

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Go early, go late, or go home

BeyondVC

After having returned from vacation last week, I had the chance to reflect on the current venture and investing market. On the late side, the tech sector is clearly maturing, growth is slowing, and forward P/E ratios relative to the S&P are pretty equal or even less indicating strong value.

LBO 60