Wed, Sep 11th 2002 2:27am

Most VCs Have No Plans To Return Money

from the it's-mine!-all-mine! dept

Despite all the high profile stories about venture capitalists returning excess cash to their angry limited partners, a new study of VCs has shown that the large majority have no plans to give back any of their cash. They'll sit on it for as long as possible and collect management fees while waiting for the damn IPO window to open again. They know how hard it is to raise money right now because they're the ones turning down startups these days. They don't want to be on the other side of the coin (literally), needing to raise more capital from limited partners.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Name
Email	Get Techdirt’s Daily Email
URL
Subject
Comment	this is for spambots, do not use this
Options	Plain Text HTML Save me a cookie

Plain Text: A CRLF will be replaced by break tag, all other allowable HTML is intact
HTML: No formatting of any kind is done without explicitly being written in
Allowed HTML Tags: <a> <blockquote> <hr> <tt>

Is The Internet Essential? >>

<< Friendly Junk Mail Worse Than Spam?

Search Techdirt

And now, a word from our Sponsors..

Subscribe to Techdirt's Daily Email Newsletter

And now, a word from our Sponsors..