No More VC Eulogies, Please

Okay, no more eulogies for VCs please. Coming after all the overdone pieces over the weekend parroting the data-blather about a downturn in VC spending — everywhere except Silicon Valley, where most of the VC spending happens anyway — we have an article on the subject in today’s FT. This entire genre is turning me into a VC sympathizer. 

More importantly, I’m really struggling with the supposed corollary, which is that angel investors will fill the investing void. While I have no doubt that angels are more sophisticated than ever, wonderful people that they are, sometimes there is a reason why a market gets abandoned, and that’s because it has become a crummy market. And with returns trailing considerably less risky interest-bearing accounts, that is currently the case in early-stage venture.

Related posts:

  1. When Angels Rule the World, Part XXXIV
  2. Angels Want to Wear My Red Shoes
  3. The Myth of the Angel Investor
  4. Angels? Sure. VCs? Sure. But Not Both.
  5. Angels on Blog-way