« The Denominator Effect | Main | Survivor - The Australian Private Equity Tribe »

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

RJB

Great post. I definitely saw this "living dead" thing happen in the VC world after the dot com crash.

Eight years later there are still VC firms in the States milking the old management fee on dud tech funds. They will never raise another but it pays the rent!!

Frank Lorenzo

The same is so true in Oz. I work in a tech startup and since 2003 have got a pretty good feel for the venture thieves. There are Aussie VC firms which everyone calls leaders or the best but IMHO will never raise another big vc fund. Allen and Buckrige, TVP, Momentum for example. Also a lot of the gov backed funds like preseed and I.I.F (spelling?) were disasters and the vc are now just milking our tax $ for the rest of their fees.

I might be totally wrong, but I would be surprised if firms like TVP or A&B will raise $ ever again. Good vcs raise money every few years. They have not raised for eight or ten years. So you have to wunder.

mcpd

Great post. I definitely saw this "living dead" thing happen in the VC world after the dot com crash.

The comments to this entry are closed.

My Photo

SEARCH THIS SITE

  • Google
     
    Web carriedinterest.com

Enter your email address:

Delivered by FeedBurner

Blog Widget by LinkWithin