John Paczkowski

Recent Posts by John Paczkowski

Venture Capital Fundraising Absolutely Abysmal

thesandhillroad_thumb-150x150What a lousy year this has proven to be for the venture capital industry. According to data released today by the National Venture Capital Association and Thomson Reuters, venture funds raised just $1.6 billion in the third quarter. That’s down 82 percent from a year ago and 21 percent from last quarter. Worse, that sum was raised by just 17 funds, the fewest since the third quarter of 1994.

Seems a paucity of IPOs and lackluster returns on investment have caused VC money to dry up. This does not bode well for an industry in what NVCA President Mark Heesen likes to refer to as a “Darwinian contraction”; “You are going to see a reduction in the number of firms, but more important you will see a reduction in the number of venture capital professionals,” Heesen told Reuters.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work