Sign of the Times: Secondary Firm Is Most Active VC

In yet another indication of how tough the venture market has become, the most active investor in April was none other than secondary investor Millennium Technology Ventures, according to preliminary investment data gathered by Thomson Reuters (publisher of peHUB). I’ve been compiling a monthly “most active” list for Venture Capital Journal since 2002, and this is the first time in my memory that a secondary firm ranked No. 1 on the list. Our data show that Millennium invested in seven companies in April, beating out the likes of Sequoia Capital (five companies), Kleiner Perkins Caufield & Byers (four), Benchmark Captal

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