YouNoodle | Browse startups. Find exceptional people. Ventures - Welcome. Wellington Partners Venture Capital. Venture Capital Down 50%. It’s Not Just the Recession, Folks. There’s a huge difference between what venture capitalists say and what they do. For much of the last decade some of the same partners that keep saying Silicon Valley will never decline as the startup epicenter of the world are spending every month flying to China. And of course in the post-2000 years every partner said, “Oh we never really got into that whole dot com thing…” Huh.
Wonder who did all those deals? Another classic is this one: “Recessions are the best times to start companies! Bullshit. And make no mistake—it’s a steep drop. Information technology investments fell 53% year-over-year to $1.7 billion—the lowest since 1997, and the lowest volume of deals since 1995. The results are so different than what we saw in the last downturn that I could spend eight posts writing about them. 1. Returns, on the other hand, did go down. What does this have to do with money going out to startups? This is why the amount has fallen so precipitously, especially in Silicon Valley. 2. 3. Capitalism to the Rescue - Green Tech Rising.