How Many VCs Besides Frazier Tech Are Winding Down?
Possibly over 50, according to the National Venture Capital Association -- and that doesn't include firms that have not renewed their memberships in the trade association for next year. The NVCA won't name names, but reports that its membership has fallen from 480 firms in 2007 (an all-time high) to 450 firms in 2008 to 425 firms in 2009 -- a decrease of 55 firms, over 11%. Most of the firms dropping out did so because they're not raising a new fund, said NVCA vice president Emily Mendell.
6 November 2009•1 min read
