Positve News from the Venture Capital Community
I attended the PwC MoneyTree presentation yesterday for Q4 2007 industry numbers and full year 2007 numbers. The results are still very positive despite cloudy economic news in the mainstream press. There is more money to invest than quality investments to fund. Fund raising is strong for VC firms and appears to be continuing. And despite large amounts of money waiting to be invested, firms appear to continue prudence with their investment decisions as evidenced by a steady number of deals funded.
Until the M&A and IPO market liquidity hits a big wall, the market for jobs at startups backed by venture capital firms should continue to be strong. One caution mentioned about liquidity referred to the potential buyout of Yahoo! by Microsoft. A combined company could limit the number of M&A deals in the software/Internet market with one less major player involved.
See the PwC press release here
See the full report here
Jeremy McCarthy
CEO, VentureLoop