Venture capital has not died, despite a big dip in Q1 2009 financings. But honestly, everyone might benefit if a significant percentage of the industry's members went on life support.
So while ReadWriteWeb waxes hopeful about the venture industry's 61 percent jump in financing in Q2, I'm not so sanguine.
As The Economist notes, we still have an oversupply of poorly managed venture capital firms:
(The) root cause of the (VC) industry's problems...is that most venture capitalists have failed to find enough decent companies to deliver the return they promised investors....Although many venture capitalists … Read more