Bill Gurley: Everything I Said In August Is Still True
Gurley's long, thoughtful essay on the state of venture capital, in which he described an industry that could shrink by half as Limited Partners -- hit by a declining stock market and poor returns from their investments in bloated VC funds -- pull back, was read and discussed for weeks, at peHUB and elsewhere, after he posted it on his blog last August. Everything that's happened since then convinces him he was right, Gurley told me today, and it's easy to find evidence to support his claims. Endowments are cutting back on their commitments to private equity, for instance, as Alex pointed out yesterday, and Stanford is trying to sell some of its commitments on the secondary market. But Gurley sees bright spots too.
30 October 2009•2 mins read
