Right-sizing the US venture capital industry-super-†

Paul Kedrosky

Venture Capital, 2009, vol. 11, issue 4, 287-293

Abstract: There is reason to believe that the venture capital industry, at least in the USA, will be differently sized and structured in the future. Its investment performance has deteriorated following the dot.com crash. This is attributed to the maturing of its main investment sectors, the emergence of new sectors that are less competitive and a decline in IPOs. In the face of these trends -- declining returns and reduced investment opportunities -- the venture capital industry needs to downsize, perhaps by as much as half, for it to resume its position as both a credible asset class and a significant force for economic development.

Date: 2009
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DOI: 10.1080/13691060903190255

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