Venture capital is rapidly becoming a derelict industry. News this week that a partner in a major Boston fund recently moved out to play “house” in South Carolina. And more news today that the first quarter of the year followed recent trends: the amount of money has declined every quarter since early 2000.
- There has been one public-offering for a venture-backed company since January of 2003, down from 262 in the same period during 2000
- There were 623 venture deals in Q1, the smallest number since 1996
- Workshops on obtaining goverment grants are now a growth business