The New VC Style: Deep Pockets, Short Arms

The terrorist massacres made the industry even more wary. So, for now, most players are sitting on billions of dollars as they watch and wait

The post-September 11 economic rubble is so thick that even some venture capitalists -- who are supposed to be good at scanning the horizon for opportunities not obvious to others -- are having a hard time seeing past it. What, before the terrorist attacks, had been a slow slog through tough terrain has now become temporary paralysis for some.

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