When the clock struck midnight on New Year's Eve, venture capitalists were toasting good riddance not just to 2009 but to an entire decade in which their industry as a whole lost money for its investors.
While prominent firms such as Sequoia Capital, Accel Partners and Norwest Venture Partners still earned handsome returns and have raised new investment funds, the venture capital industry as a whole is struggling to return to positive territory.
Original Article: Venture capitalists upbeat despite a down decade - San Jose Mercury News
