Squint all you want. It's hard to find anything to cheer in the most recent round of venture capital data.
VC fundraising is down. The amount invested is down. The number of folks investing in venture capital is down. The number of VC firms and partners are down and down. Returns? Yes, still down.
This would be bad news no matter the timing. But the venture capital industry has been down for more than a decade, long enough and deep enough to make me wonder: Is venture capital in a down cycle or a death spiral?
To read the original article: O'Brien: Venture capital: Is this a down cycle or a death spiral for the industry that fuels Silicon Valley? - San Jose Mercury News
