Getting a pulse on the telecom/media venture capital markets
Every few months I like to get a pulse on the venture capital market. It keeps changing so fast that you don’t really know what’s going on until you catch up with the people in the thick of it.
I had a chance to do that this week while moderating a panel of three venture capitalists for the Telecommunications Industry Association. Before a small crowd at Cisco’s headquarters in San Jose, Calif., the VCs - Ajay Chopra of Trinity Ventures, Eric Zimits of Granite Ventures, and Michel Wendell of Nexit Ventures - painted a familiar picture of how tough it’s become to raise money. They also talked about the sectors within the telecom and media spaces that look attractive.
Sure, the National Venture Capital Association reports are relentlessly depressing, telling us how far the venture business is sinking. But this panel, which was more like a focus group, offered a view from the ground floor.
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