Toto, This isn’t 1997 any more!

The Wall Street Journal points to further evidence of the collapse of Venture Capital.  Typical of the doom laden quotes is this: “Dallas is an entrepreneurial city, but it won’t be driven by venture capital going forward,” said Daniel T. Owen, a venture capitalist at the 16th-floor firm H02 Partners, which plans to wind down its venture business over the next few …

Cleantech Investors Desperately Seeking The Exit

In my predictions over the last year I mentioned that Clean Tech would have a rocky time in 2009 for four reasons Renewable energy interest tends to lag oil prices by 6-12 months and with oil almost back to 2006 levels a lot of transient interest will evaporate Lot’s of clean tech companies based their business models on sustained high …

Angels vs VCs

Stephen Fleming at Academic VC has an interesting article about the diverging interests of angel investors & VCs. The basic premise is that the high returns required by venture funds drive them to take decisions which are neither in the interest of the founders nor the early stage (Angel) investors. I’ve seen this happen in a number of companies, and …

The Best Minds in the UK At Loggerheads Over Technology

British scientists are hopping mad about comments from Bank of England Governor, Mervyn King, who recently argued against increased science funding, presumably on the grounds that all the money had already been spent on health and safety agencies, totally ineffective government agencies and bailing out Scottish Banks.  I would expect the Governor of the Bank of England to understand a little bit of …

VCs Dabble, Dither & Diversify

The Wall Street Journal has an interesting article about how “with their core business in shambles, some venture capitalists are changing their stripes, styling themselves as investors in distressed assets and public companies.” Here’s why: Start- ups today take a median 6.6 years to go public or get sold, up from 5.4 years in 2005, according to research firm VentureSource. …