No Fun
I think we were discussing earlier how the credit crunch hadn’t hit Silicone Valley yet?
Venture Capital Hits a Cash-Call Crunch
By PUI-WING TAM and CRAIG KARMIN
Cash-strapped investors are starting to renege on their commitments to venture-capital funds, dealing a blow to an industry that has been the bedrock of Silicon Valley start-ups.
From pension funds to rich individuals to once-deep-pocketed financial institutions now in desperate shape, this year’s plunging markets have made it much harder for some investors to come up with the money they promised to invest in venture-capital funds.
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I met up with a friend in the venture business tonight, and he was complaining (very mildly) that it’s just not fun anymore. I responded that most jobs aren’t fun these days, and it’s not because our jobs changed.
My job is the opposite of fun.
My job is where fun goes to die.
My job actively seeks out and exterminates fun.
Waiting to hear how Fifty-Five’s job is.
I want to hear how the fun in CashBack’s job has changed since August.
My job is to identify the early hopes of fun and crush it, while simultaneously avoiding lashback on TheFunded.
My job is so much fun I barely have time to read and respond to my friends asking how much fun it is.