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CURRENT VENTURE CAPITAL COMPANIES

CURRENT VENTURE CAPITAL COMPANIES THAT EXPERIENCED LOSSES DURING THE 1999-2003 PERIOD

This research identifies 15 venture capital firms that continue as viable entities in early 2004, but which experienced substantial losses on one or more of their investments during the 1999-2003 inclusive period. The venture capital firms identified are a mix of public and private firms. Accurate financial data for the private firms are not readily available. While financial data are available for the public firms, the data are not in all cases current, as the losses experienced by some of the venture capital firms have resulted in reporting delays.

Applied Technology invested capital in 65 ventures. The company suffered a loss connected with its investment in Caspian Networks. Caspian Networks has not failed but the company began a slide in 2002. Applied Technology was one of 16 venture capital companies that invested $262 million in Caspian Networks ("Caspian Lays Off 42 Workers", 2002).

The venture capital company remains in business in 2004. The company is cautious in seeking new investment opportunities, however, because of conditions in the general economy (Hoover's Online, 2004).

Austin Ventures, L.P. is a successful venture capital firm. The firm, however, experiences losses in recent years in relation to dome dot.com investments. One venture on which Austin Ventures lost money was iBooks.com, which failed in 2001. Austin Ventures, along with Dell Computers, provided $30 million in second round financing to iBooks.com ("iBooks.com Cuts 70% of Its Workforce", 2001).

Austin Ventures remains a highly successful venture capital firm in 2004. The firm took an unusual step for a venture capital company in 2003, however, when it returned some of the capital it had raised to its own investors because of what company management perceived as a poor investment climate.

The dot.com collapse hit Brainspark plc hard. The compa...

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CURRENT VENTURE CAPITAL COMPANIES. (1969, December 31). In LotsofEssays.com. Retrieved 15:57, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1688568.html