More Green Shoots? Reviving Old Venture Funds
Limited partners in VC funds have grown more restless and demanding over the last year, as the economy has weakened and funds raised during the dotcom bubble have wound down. They're asking for stronger guarantees on returns, lower management fees and other concessions even from top-tier venture capital firms -- something they haven't done before, says T. Hale Boggs, a partner in the venture capital practice of law firm Manatt Phelps & Phillips. But Boggs' clients are also seeing more positive ways to get money back to LPs, he says, thus "making lemonade out of lemons."
25 August 2009•2 mins read
