These are heady days for venture capitalists.
The $1 Billion Club
Six venture capital firms thus far this year have raised $1 billion or more each, a startling sign of how eager investors are to pour money into ventures that can turn into huge losses as much as they generate rich profits. The latest firm to join the $1 billion club is the Silicon Valley firm Greylock Partners, famous as an early investor in Facebook Inc. and LinkedIn Corp., which raised this amount in less than three months, according to The New York Times.
