Edtech Business

investors whistling in the wind

Oct 12, 2011

WHISTLING IN THE WIND: This just in: best way to get money into an industry is to prove you can get it out. The inverse of that rule? When IPOs and exits are weak, venture capitalists have a tough time raising funds. VCs raised a mere $1.72 billion in the third quarter, the lowest level since 2003, reports Thomson Reuters and the National Venture Capital Association. Top fundraising firms: Shasta Ventures Management which raised $265 million and medically-focused Longitude Capital Management, which raised $159 million. Among other deals, Shasta backs Smule, one of the most delightful iPhone apps out there.

Edtech Business

investors whistling in the wind

Oct 12, 2011

WHISTLING IN THE WIND: This just in: best way to get money into an industry is to prove you can get it out. The inverse of that rule? When IPOs and exits are weak, venture capitalists have a tough time raising funds. VCs raised a mere $1.72 billion in the third quarter, the lowest level since 2003, reports Thomson Reuters and the National Venture Capital Association. Top fundraising firms: Shasta Ventures Management which raised $265 million and medically-focused Longitude Capital Management, which raised $159 million. Among other deals, Shasta backs Smule, one of the most delightful iPhone apps out there.

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