Bill Gurley's Column Still Has Legs
Three days after the Benchmark sage said the venture industry is shrinking back to its mid-1990s size -- and Dan disagreed with him -- VCs are still weighing in. Here's another one -- Fred Wilson of Union Square Ventures, who agrees with Gurley and adds his own two cents. He likes Gurley's assertion that a few investors pumped up their allocations to venture funds, got supercharged returns and were copied by others, whose returns plummeted when the stock market crashed. He also agrees that dollars flowing into venture capital will decrease over the next decade by about 50 percent.
28 August 2009•1 min read
