Lessons from a Dot-Com Darwinist

Tough times call for tough decisions by venture capitalists, says Women's Growth Capital Fund co-founder Patty Abramson

It's not easy raising capital these days, especially for first-time entrepreneurs. But it's no picnic holding the purse strings, either. Venture capitalists, stung by ill-conceived investments in dot-coms, have become tight-fisted. With acquisitions and the IPO market stalled, VCs expect the lethargy to last through the summer, if not the rest of the year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.