Venture Funds Still Spending Big in China
Filed in archive Venture Capital on November 26, 2008
If the Venture Capital model is broken in the U.S., companies that invest VC Funds in China don't seem to have figured it out yet; they're investing faster than ever, according to sources like Red Herring.
From Ken Schachter's report:Venture capitalists poured $964 million into 59 funding deals in China in the third quarter, breaking the yearly record set in 2001, according to a new study.
Through three quarters, venture capitalists pumped $3.29 billion into Chinese companies, smashing the full-year record of $2.88 billion set seven years earlier, Dow Jones VentureSource reported.
While VC funds are still spending what they have on hand at an amazing rate, Schachter's Red Herring article points out a recent report by Zero2IPO showing VC fund raising down. Way down.
So if that trend continues, the VC people will eventually run out of money to spend - regardless of their own optimism...
Photo courtesy of iStockphoto, david franklin
Through three quarters, venture capitalists pumped $3.29 billion into Chinese companies, smashing the full-year record of $2.88 billion set seven years earlier, Dow Jones VentureSource reported.
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