David de Weese of Paul Capital Partners on the economic turmoil’s effect on the secondary market
Venture capital firms and technology start-ups remain relatively immune from the Wall Street mess, but potentially that could change.
VC firms, for example, rely on large banks, endowments and pension funds for their cash. If enough of a VC firm’s so-called “limited investors” default, or get scared and run, the VC firm may be forced to close. So far, things haven’t gotten nearly that bad for that sort of drastic step to happen, even for VC… Continue Reading