Monday, October 09, 2006

Silicon Valley VC firm to halt new $300 fund

Sevin Rosen says returns are too low to justify raising new money; existing funds will be invested.

One of Silicon Valley's premiere venture capital investors is pulling the plug on raising a new $300 million fund, saying it sees no near-term cure for the troubles plaguing the start-up economy.

In a letter Friday to prospective investors, Sevin Rosen, a firm started 25 years ago by legendary tech investors S.J. Levin and Ben Rosen, said it will manage its existing funds, but raise no new capital for the foreseeable future.

In our view it is all about the fact that from thousands of hi-tech start-ups only a few become a real success, which much or less impacts the ROI of the venture capital firms.
Moreā€¦

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home