As WAMU and other banks fall, aftermath could rock venture firm FTVentures
Usually, venture capital firms have funds that last for ten years, and so by and large they are immune from the mess on Wall Street. That’s good for technology start-ups, who count on VC firms to back them.
However, large financial institutions, many of them in Wall Street, are among those that provide venture capital firms their money. And if those investors get hurt, so could their commitments to the venture firms.
Take an extreme case, FTVentures…. Continue Reading