VC Ackerman: Firms That Didn’t Syndicate Are SOL

Last Friday, I caught up with Bob Ackerman, who co-founded early-stage venture firm Allegis Capital back in 1995. Allegis is a low-flying operation that has enjoyed a few exits in recent years, including IronPort Systems, which raised $94 million and sold to Cisco for $830 million, and the telephony software company Ribbit, which raised $23 million before selling to British Telecom in July for $105 million. Ackerman himself is no shrinking violet, however, and he's certainly not shy when discussing his views on the industry. Here’s part of our conversation: You position yourself as a “value investor.” Are you in the middle of a shopping binge? We’ll seize on depressed valuations, definitely. What’s interesting this time around

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