Yesterday I had lunch with Dr. Lee Ng from Siemens Technology to Business Group which provides VC funding. I also attended the eBIG kickoff Clean Tech SIG and spoke to a VC at that event. The consensus is that companies are getting first round funding and angel investing but not getting second round and will fold. The companies that were providing VC funds have asset allocation models. Since their less risky investments have lost value, their VC allocations are now more of their portfolio and too high a percentage.
More tomorrow on what I learned.....
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