Year-End Review Pieces Hold Few Surprises, Say 2009's Looking Lousy, Too
From the Wall Street Journal: Venture capitalists got squeezed by the financial crisis in 2008. That squeeze is likely to continue in 2009. Returns for these investors, who invest in start-ups with the aim of profiting when the companies go public or are sold, got crunched last year by a dearth of initial public offerings of stock and few mergers and acquisitions. The outlook isn't much brighter, as the recession is likely to continue to weigh on the IPO and M&A markets. Meanwhile, the venture industry's investors, such as pension funds or university endowments, were hurt by gyrating markets, crimping sources of funding. Some venture-capital firms are having a tough
2 January 2009•3 mins read
