On a panel of venture capitalists discussing whether their industry
still makes sense for limited partners, Steve Wiggins perhaps said it
best on Tuesday.
“VC is like the ‘cream of the crap,’” the managing director at Essex Woodlands Health Ventures joked, making the point that venture capital is still desirable to LPs due to the poorer performance of other asset classes.
Still, Wiggins and his fellow panelists of large-fund managers at the Dow Jones Private Equity Analyst conference in New York agreed that the venture industry will need to keep refining its approach to retain the support of limited partners reeling from a decade of lackluster returns from the asset class.
To read the full, original article click on this link: Is Venture Capital In Great Shape…Or Just The ‘Cream Of The Crap’? - Venture Capital Dispatch - WSJ
Author: Zoran Basich
