A VC Calls it Quits

Howard Anderson, founder of the Yankee Group and co-founder of YankeeTek Ventures and Battery Ventures, writes:

Good-bye! We venture capitalists like to think of ourselves as giants striding across the technology landscape, showering money on terrific young entrepreneurs, adding value, creating jobs, nurturing real companies. We are financial samurai. But I am giving it up. Why?

His reasons include technology oversupply, lack of hype, and market rationality.

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