News Byte

Sequoia Capital’s Michael Moritz Steps Back, Citing Illness

Sequoia Capital partner Michael Moritz said today that he has a “rare medical condition which can be managed but is incurable,” and which is likely to compromise his quality of life in the coming years, so he is changing his role at the venture capital firm. A representative for Sequoia noted that Moritz will continue to make new investments and take board seats, but he will be dropping some of his daily management responsibilities and taking more vacation.

Voices

Michael Moritz Isn't Giving Up Against San Francisco Politicians

As a managing partner at Sequoia Capital, one of Silicon Valley’s most successful and long-lived venture firms, Michael Moritz can speak eloquently about industry trends, entrepreneurs and the rise of global competition. He did so last night at an appearance for Xconomy, a business and technology Web site in San Francisco.

Latest Check Shows Insufficient Venture Funds

The “Darwinian contraction” in the venture capital industry continues with no end in sight. A joint study released today by the National Venture Capital Association and Thomson Reuters found that VC firms in the U.S. raised just $1.9 billion in the second quarter of 2010. That’s a nasty 49 percent decline from the $3.7 billion they raised in the first quarter.

Venture Capital Fundraising Absolutely Abysmal

What 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.
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Irrational Exuberance?

They say “flat is the new up” and that certainly seems to be the case with the venture capital industry. Though we’ve had two consecutive quarters without an IPO and the venture market is all but frozen, VC optimism is beginning to return. The latest Silicon Valley Venture Capitalist Confidence Index shows a small but noteworthy uptick in the VC community’s views of the entrepreneurial environment in the San Francisco Bay Area.
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Google Rolls Out VC Fund

Google announces Google Ventures, a $100 million venture capital fund. Plus, Bill O’Reilly on Twitter, layoffs at Sun and Microsoft kills Encarta. (Mar. 31)

Google's Mission: To Organize the World's Start-Ups and Make Them Universally Acquirable

Sequoia Capital partner Michael Moritz often says that the best time to invest is when people are cowering under their desks. Google appears to have taken that message to heart because it’s launching a new venture fund at a time when the VC industry is busy practicing its duck-for-cover exercises.
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Google’s Mission: To Organize the World’s Start-Ups and Make Them Universally Acquirable

Sequoia Capital partner Michael Moritz often says that the best time to invest is when people are cowering under their desks. Google appears to have taken that message to heart because it’s launching a new venture fund at a time when the VC industry is busy practicing its duck-for-cover exercises.
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Microsoft CEO Making Eyes at Yahoo Again?

Sad Guys on Sand Hill Road

Sad Guys on Trading Floors may soon have some new photographs of dismay to catalog, if the Silicon Valley Venture Capitalist Confidence Index is any guide. Released this morning, the index puts VC confidence at its lowest point in the five-year history of the survey.

Weekend Update, 10/10/08

Take a Bath With Mr. Tech Bubble

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