The State of the VC Industry

From the article ...

The Cash Panic Sweeping The VC Industry

"This economy has the potential to become the worst economy since the Great Depression (it isn't yet, thankfully). VCs see this and understand that:

1. Profitable exits are going to be a lot rarer in the next couple of years, and
2. Potential investments--including current portfolio companies--are going to get a lot cheaper in the next few years (and, therefore, returns on future investments are going to get a lot higher than today's)."