Bill Frezza, a venture capitalist and a fellow at the Competitive Enterprise Institute says the idea that creating jobs that then leads to growth and prosperity is a fallacy.
Bill Frezza writes for the blog RealClearMarkets.com “which is a one-stop shop for market-related news, analysis and commentary. RealClearMarkets collects and publishes content from across the ideological spectrum dealing with the major topics and discussions from the worlds of business, economics, finance, and political economy. From CNBC to Forbes, from the Wall Street Journal to Infectious Greed, RealClearMarkets allows you to peruse and dissect information from your favorite blogs, news channels, journals, think tanks, magazines, and online publications in an daily, easy-to-read format.” [Via: RealClearMarkets.com]
In the video below Mark Suster travels to Pasadena and Idealab for an exclusive interview with Idealab founder and inventor of the sponsored web search, Bill Gross.
VC FUNDS GROWING UP 97%
The total raised for new funds was $7.7 billion, according to Dow Jones LP Source. The capital going into VC funds was up 97 percent from a year ago, when they raised $3.9 billion. (Venture capital funds benefited from an overall influx of money into U.S. private equity funds overall, which attracted a total of $31.6 billion in the quarter, up from $13.5 billion a year ago).
Institutional investors and limited partners are putting more money into ventre capital, but are concentrating their bets in fewer, higher-quality funds. The money from limited partners, however, was not spread willy-nilly. Only 25 funds tracked by Dow Jones were able to raise money, the smallest number since 2003.
A few, well-known firms were able to raise substantial amounts. Bessemer closed a $1.6 billion fund, Sequoia closed a $1.3 billion fund, and Greylock added a $1 billion fund.
Early-stage funds attracted the most new capital, accounting for $3.9 billion of the total, up from $736 million a year ago. Later-stage funds collected only $1.5 billion, and multi-stage funds raised $2.3 billion.
European VC funds didn’t do so well, raising only $653 million across five funds, down from $1.3 billion a year ago across 13 funds.
Source: Read More>>>>
Three leading New York venture capital firms provide their strategies for 2011.
Among the issues discussed:
- What types of companies will VC`s fund in 2011?
- What are the hot sectors for 2011?
- What characteristics are VC`s looking for in an early stage company?
- How robust is the start-up community in New York City?
- What is the likelihood of a recovery of the IPO market and how does this affect a VC`s strategy?
- How is the rise of the “super angel” affecting VCs?
- VC funds have had a weak ten year period overall (with the industry, though not all funds, being down for the period). How is this affecting the VC`s ability to raise fresh funds?
- Given the “lighter” startups, is the average VC investment decreasing in size? Is the average VC fund size decreasing?
- What is your specific investment strategy for 2011?
- What are the other hot trends in venture capital for 2011?
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Read More about VC fund raising from Jeffrey Bussgang, author of Mastering the VC Game 
