Comments on: Kleiner Perkins reaches out to new investors: “Unheard of”

By: Ronald Garner

Ronald Garner — Tue, 20 Jan 2009 21:26:26 +0000

Another example of 2008/2009 being defined as "Unprecedented".

One hundred years from now, the "turn of the Century" will be defined by 2008 and 2009.

The entire financial word appears to have been in a Lotus Eaters dream. As their fog lifts, the rest of us are the ones forced to pay for their delusions.

Let's hope the VC's get things right and soon.

By: Steven Kane

Steven Kane — Fri, 16 Jan 2009 21:12:18 +0000

with all due respect to KP, this is a bit of whitewashing or at least, putting some badly needed lipstick on a pig (can we use that phrase again now the election is over?)

KP simply would never — never — have taken such actions unless both its LPs and its own funds and portfolios were in deep doo-doo

one can only hope KP will lead the entire tired, bleeding industry/asset class into radically lowering management fees while slightly raising carried interest rates — otherwise as noted above by “money man”, the asset class is in danger of becoming poisoned for a generation by overgreedy underperforming GPs, which would be a huge tragedy for the entrepreneurial class and the country as a whole (which depends on that entrepreneurial class to pump fresh oxygen into the national bloodstream)

By: Money Man

Money Man — Thu, 15 Jan 2009 15:29:03 +0000

It has been 11 years since the venture industry has returned more cash than it has plowed into investments, according to the National Venture Capital Association. The industry is now managing $257 billion, up from $64 billion in 1997. –Forbes 12/08

By: Todd

Todd — Thu, 15 Jan 2009 04:33:19 +0000

And I've got some change in my pockets…but need the quarters for laundry.

Putting in envelope, sealing…and sent!

By: Barrett W. Sheridan

Barrett W. Sheridan — Thu, 15 Jan 2009 00:06:01 +0000

Cool. Think they'll take my Roth IRA money? I've got a few grand for them.