This weekend’s Barron’s has an article tipping the return of VC-fanzine Red Herring as a sign that venture capital is once again on the rise. Perhaps. But I think the current spending uptick has less to do with improved venture investing prospects than with a raft of 1999 vintage funds spending like mad before their current funds clock out.
Plugged In: A Herring from the Ashes.
The revival of Red Herring, a must-read for venture-capitalists and budding entrepreneurs during the bubble years, provides another clear sign that venture-capital investment is off the bottom and gaining momentum.