VC Ratings (Free subscription) | 05/12/2008
Early-stage venture firm Lightspeed Venture Partners on Monday announced the final closing of its eighth fund with $800 million for information technology and cleantech investments. The Menlo Park, Calif., firm...
Sramana Mitra on Strategy (Free subscription) | 05/12/2008
Lightspeed Ventures announced the raising of its new $800 Million fund. “It was a robust fundraising environment,” [Chris] Schaepe [General Partner] said. “There continues to be very good appetite within the LP community for early-stage venture capital.” Right. Early stage venture capital with a $800 Million fund. Read: Fund Envy and The Real VCs of Silicon [...]
Silicon Valley Watcher (Free subscription) | 05/13/2008
Sranama Mitra rightly takes to task Lightspeed Venture's new $800m fund supposedly focused on early stage investments in IT and cleantech. With that much money you'd have to make a couple of hundred early stage investments which is clearly not possible. The VCs wouldn't have enough time to find, make, and nurture such investments. Sranama Mitra: There is only one reason for raising these humongous...
