Money pours into venture funds, but selectively: DAG, Accel
Large investment managers are pouring money into venture firms, but they are increasingly selective.
The latest firms to raise money are DAG Ventures, here in Silicon Valley, and Accel Partners and IDG, for their operations in China.
Large institutions that funnel money to venture firms are focused on earmarking funds for the trendy buyout industry. Buyout funds often raise billions of dollars. So large pension funds like CalPERS or General Motors find it more efficient to write… Continue Reading