VC Fundraising Plummets Amid Dire Forecast

Schachter, Ken
January 2009
Red Herring;1/19/2009, p3
Trade Publication
The article reveals the venture capital fund raised by Accel Partners, according to the report released by Thomson Reuters and the National Venture Capital Association (NVCA). Accel's Joe Schoendorf predicted that the roughly 570 U.S. venture capital companies could contract to 270 to 280 as the global economic downturn and near-total freeze on initial public offerings take their toll. Schoendorf said his company was able to raise two funds because it was alert to signs of a downturn.


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