When we get through this, think of the stories we’ll tell!

Raising money right now is a bit “challenging” and not for anyone lacking conviction. When we have our exciting “exit” in a few years, we will be able to look back and say “We raised money in the darkest days of the financial nuclear winter”.

Sounds like a badge of honor to me…  

Surprise! VC Funding Fell Off a Cliff in Q4

Stacey Higginbotham | Friday, January 23, 2009 | 9:01 PM PT | 12 comments   

As expected, the venture industry is seeing the fallout from the economic crisis, with fourth-quarter investments dropping to a total of $5.4 billion invested in 818 companies, according to a report from PricewaterhouseCoopers and the National Venture Capital Association based on data provided by Thomson Reuters. That’s a 33 percent plunge from the $8.09 billion invested in 1,051 companies in the fourth quarter of 2007.

With the exception of a few industries, these fourth-quarter numbers show a sharp pullback by VCs between the third and fourth quarters of 2008. Indeed, VCs are nursing their growing portfolios of later-stage companies that are unable to exit through a public sale or an initial public offering — and waiting for the economic fallout to subside.

Read the rest of the original article here

 

Venture Funding 4Q 2008

Venture Funding 4Q 2008

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