Michael Greely
Michael Greely
advent capital dollars early forcing funds gap later market mindful quite saw somewhat stage venture
I think we're quite mindful of the advent of the billion-dollar funds that we saw come into the market over the early part of 2000 to 2003, and there is still somewhat of a 'hangover effect,' which is forcing a lot of dollars into the later stage market. Consequently, we think there is a capital gap in the early stage venture market.
begin finally money sentiment venture
As a venture investor, the sentiment now is that we can finally begin to make money again.
deals jumping levels nervous quite seen since
We are actually quite nervous that in some of these sub-categories, valuations are jumping back up to levels we have not seen since the bubble. Deals are more competitive that they've been in a while.