« Apple's Option Imbroglio: What Jobs Didn't Know, and When He Didn't Know It | Main | Scott Turow on the Death Penalty »

Latest Stories

• Excel Wankers and Recession Averages
• Sorry, New York is Closed. Check Back Later.
• Catching Falling 2009 Earnings Estimate Knife
• Survivorship Bias in Global Markets
• Talking Positions on a Lazy-ish Retirement Portfolio

December 29, 2006

VC Loser of 2006: Sevin Rosen?

2006 Losers: Sevin Rosen Funds

On the one hand, Sevin Rosen's decision to cease raising its tenth fund was honorable. The venture capital firm effectively admitted that it didn't like the state of the venture market and, therefore, didn't think it was a good time to invest money. Other firms might have just pocketed their limited partners' cash, enjoyed the management fees and produced subpar returns.

On the other hand, the 25-year old firm admission that it had no idea how to make money in the ever evolving venture capital market anymore was a failure. Its biggest hits happened years ago and by admitting it didn't think it could earn as good a return as before, one could assume it didn't manage the succession process well.

Sevin Rosen's days of hitting it big with investments such as Compaq and Lotus passed a while ago. The transition was just formalized in 2006.

Sphere It   |   Digg it   |   Bookmark it   |   Stumble it   |   Facebook it