What’s really happening to venture capital industry?
Bill Gurley, a venture capitalist at Benchmark Capital, has written one of the clearest explanations yet about what is happening to the venture capital industry.
Bottom line: Don’t be surprised if the number of VC firms in the U.S. is cut in half. And don’t be surprised if the average Silicon Valley resident doesn’t notice.
The reason: The VC industry may well return to the size it was during the mid-1990s, and this will be healthy for… Continue Reading
Obama administration to tighten regulation on VCs?
Venture capitalists may soon be facing more stringent reporting requirements, according to testimony from Treasury Secretary Timothy Geithner today about the Obama administration’s plans to overhaul the country’s financial regulations.
But many details still need to be filled in, and there will probably be plenty of debate and revision before anything actually becomes law. Geithner’s proposal would (for the first time) require hedge fund, private equity, and venture capital fund advisers to register with the Securities… Continue Reading
Red 5 Studios wants to bring Web 2.0 to games — raises $18.5M
Red 5 Studios, a new start-up formed by the team that built popular online game World of Warcraft (WoW), has raised $18.5 million in venture capital to create online games that integrate more social networking aspects from the outset.
The funding comes from Benchmark and Sierra Ventures. Red 5 Studios is based in Aliso Viejo (southern California), not far from the team’s former employer, World of Warcraft’s parent Blizzard. The new company is led by Mark… Continue Reading