Most new VCs are also rookies who have solid backgrounds in investment banking and other fields and may be good at doing deals. However, they often lack the experience to nurture startup companies through various stages of development. Now that times are tough, many of these VCs are struggling. Some firms, however, will fade away. Venture capital is no longer fashionable in Europe, and the market is going through fundamental change.
Easy money is out, and hard work and patience are in.
And that means many of the recently minted VCs are going to be heading back to their day jobs. Bruno Giussani is European editor of The Standard. Privacy Policy Stock data provided by Stockpoint and its data suppliers.