Venture capital supply in Britain should shrink to prove itself says Atlas Ventures partner
THE supply of venture capital in Britain should shrink so that fund managers become more picky about which companies to back and more investors start to see positive returns, one prominent player in the industry has said.
Fred Destin, a partner with Atlas Ventures, which announced last week that it was relocating its investment team to the US, said that there were "too many average funds in Europe".
This meant that institutional investors like pension and insurance funds had rightly rationalised the number that they were prepared to back.
To read the full, original article click on this link: Britain faces venture capital 'success gap, not equity gap' - Telegraph
Author: Richard Tyler
