Venture shocker: Sevin Rosen returns cash, cites “terrible” environment
Updated
Sevin Rosen Funds, an established venture capital firm with offices in Silicon Valley and Dallas, has taken the extraordinary step of returning the cash it had raised, saying the investing environment is “terribly weak.”
Over the past few months, the respected firm had won commitments of between $200 and $300 million from its investors, and next week was going to seal its fund-raising process, and begin investing it into new companies.
But in a letter sent to… Continue Reading