Half of All VC Firms to Disappear?

Justin Hibbard

At the TiEcon 2005 conference last Friday, a panel of VCs offered some fresh perspectives on what had become, for me at least, a tedious debate: whether there's too much capital in the VC business. Promod Haque, a general partner at Norwest Venture Partners, had the most forceful opinions. "Over the next five to ten years, I believe there are going to be half as many venture capital firms in this business, and there are going to be half as many companies being created," he said.

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