In Silicon Valley, venture capital meets a generational shift
They are among the most recognizable of a generation of Silicon Valley investors who are getting out of venture capital at the end of a lucrative 15-year upswing for the industry.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisit Many more are leaving. Investors at Tiger Global, Paradigm, Lightspeed Venture Partners, Emergence Capital and Spark Capital have all announced plans to step back. Foundry Group, a venture firm in Boulder, Colorado, that has backed 200 companies since 2006, said in January that it would not raise another fund.
Taken together, the steady thrum of departures has created a sense that venture capital — a $1.1 trillion corner of finance that invests in young, private companies, sometimes spawning enterprises such as Apple, Google and Amazon — is in a moment of transition.
«We're at a tipping point,» said Alan Wink, a managing director of capital markets at EisnerAmper, which provides advisory services to venture capital firms. While there have been waves of retirements in the past, he said this one was more pronounced.
The turnover creates an opening for new investors to step up, potentially shifting who the power players are in Silicon Valley. That may also change the calculus for young companies as they decide which venture firms to seek money from.
Yet the latest
