Dreaded capital calls at venture funds may not be met
In early stories about the economic meltdown, it wasn’t immediately obvious how the venture capital industry would be affected. But the turmoil in the stock market has uncovered one of the vulnerabilities: Venture funds that depend on regular capital calls aren’t getting their money.
Capital calls are due when investors in venture funds have to make good on their promises to commit money to funds. Unlike hedge funds, venture funds don’t collect all of their money… Continue Reading