Canaan Reaches the Promised LandSarah Lacy
During the last two years, most venture capital firms have been in the market for new funds and institutional investors have been busy crowning the haves-- those who showed enough success and discipline to warrant another go-round-- and the have-nots-- those that are quietly going by the wayside. Sure, there have been way more haves than people thought a few years ago, thanks to all the money that's antsy to come into the venture capital world. But it's still a process to get these investors (or LPs as they’re called) to part with their money, as partners of Canaan Ventures, of Menlo Park, will attest.
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