Posted by
Brent Holliday
on
Tuesday, May 12, 2009 1:21 PM
This just in: VCs are sheep. In case you missed it, they all tend to look and act the same, although they smell much better. The VCs I mean. After being one of the flock for 14 years, I can speak to the herd mentality that drives the up and down cycles of the early stage investment community. The Wall Street Journal, citing Venture Source, reported that 57% of VC deals completed in the first quarter of 2009 were funded by existing investors, up from 44% a year earlier