Why Bullpen Capital Thinks We Need Another Venture Fund (TCTV)
January 12, 2011 at 00:13 AM EST
The decade-long glut of funding in the venture business is finally getting unwound as LPs get choosier and choosier about which venture funds to keep backing. Meanwhile, venture capitalists slogging it out with the new breed of super angels, striving to get in the hottest deals at remotely reasonable prices would probably argue there's little room in the market for a new firm either. So it's not exactly the easiest time to raise a new fund. Enter Bullpen Capital : A new firm that the super angel elite are welcoming with open arms. Why? It aims fill the hole in the market between angels and VCs.