Mark It Zero: Institutions Calling It Quits on Venture?

The demand will always go where the money is easier.

“A year ago when we started raising our second fund, which is somewhat bigger, we wanted an institutional base,” Patricof said. “We went out for six months and didn't get a single response. Then we went back to our original investors, sent out a letter again, and four weeks later we raised a lot of money with just a letter and no phone calls. The individual investor market is a great market.”

via Mark It Zero: Institutions Calling It Quits on Venture?.

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