A VC calls it quits

Check out this article by a VC who has decided to quit the VC business. Interesting analysis — can no longer make insane amounts of money from investments, so its not worth it, the dynamics of the VC business has changed etc. Maybe its about time more VCs quit the business. The world will be then be left with less greedy VCs who are ok with the idea of making smaller returns over a longer period of time. Entrepreneurs will have true partners in building companies. There will be fewer VCs but hopefully genuine, quality ones, who won’t have to claim that “their money is different”. With the economic downturn every industry has seen changes, its about time the VC industry did. After all, the business of “making money without doing any work” (quote from a well known veteran VC, Bill Draper I think) can’t last forever!

Author: Pran Kurup

Pran Kurup is founder and CEO of Vitalect, Inc.

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