Emerging Industry Overview: Venture Capital Firms
Industry Snapshot
With the glossy sheen still coating the dot-com business model, venture capital (VC) firms in the late 1990s achieved enormous returns and were among the primary beneficiaries of the inflated technology bubble of the period. But when the market bottomed out, these companies found themselves with scads of money lost to investments that would never pan out. At one time, the venture capital industry, one of the more glamorous sectors of finance in the late 1990s, cooled in a hurry following the declining technology sector--its bread and butter--in the early 2000s, which...