Blueprint Ventures Is Winding Down
Eleven years after swinging open its doors, San Francisco-based Blueprint Ventures is officially winding down. It will not make any new investments, although its partners will continue to manage existing portfolio companies (albeit as a part-time job). "The firm had a fantastic run,” says co-founder Bart Schachter. Pointing to broader trends at play, he adds that “early-stage venture, as an asset class, has suffered, and unfortunately many LPs no longer think about relative returns but absolute returns.” Blueprint, which focused on IP spinouts, is among dozens of other venture firms that raised their most recent funds during the dotcom days and failed to attract sufficient LP interest to assemble newer vehicles.
22 April 2010•2 mins read
