On Fundraising in Frothy and Lousy MarketsSteve contrasted his 1999 venture capital raising experience (sizzling hot market) with his back-achingly challenging 2001 experience (frozen tundra of venture market that it was). In contrast, in down markets, investors get to see how founders perform over time. In the Summer of 2001, Endeca encountered precisely that market for enterprise software companies seeking venture capital. Following Steve’s discussion of good markets and bad markets, Brian shared his view that the current market is actually both. Does that signal that we’re in the midst of a rapidly changing market or just intense market fragmentation?

Source: Forbes October 04, 2017 19:18 UTC