By Evan Vitale
Here are some of the stories making headlines in the world of venture capital during the Thanksgiving holiday week.
According to the Wall Street Journal, China firms are working harder to gain a larger share of U.S. venture capital. The article claims that between 2011 and the third quarter of 2016, Chinese technology deals grew from 1.7% to 4.1%. Details: http://on.wsj.com/2ghGRtO
Forbes has a nice piece on “Biotech Venture Capital Mythbusting Redux.”
Venture capital has been on a good run over the past few years across a range of sectors; even with recent slowdown relative to 2014-2015, venture-backed investments remain above historic averages. In fact, the first three quarters of 2016 alone are already higher than the annual rate of venture investing in all but two years since 2002. Details: http://bit.ly/2fM4I18
A warning from Fortune.com in a piece titled “Venture Capital Recruiting Scam Resurfaces.”
Earlier this year Fortune unveiled two strange, related scams aimed at the private equity and venture capital industries: One involving fake recruiting firms called Prelude Recruiting and Renaissance Recruiting, a fake VC firm called Sienna Ventures, and the other involving a fake venture capital firm called Asenqua Ventures. Details: http://for.tn/2gdTt4O
Here’s hoping you enjoyed a long and relating holiday weekend that that you’re ready for a full week this week and we are truly into the big holiday shopping season!