By Evan Vitale
Let’s take a look at what stories are making the top headlines recently in the world of venture capital!
The Wall Street Journal reports that a rare look at startup investors’ performance shows Andreesseen Horowitz lags Sequoia, Benchmark, and Founders Fund.
Andreessen Horowitz’s first three venture funds have nearly doubled their investment capital or better since inception, according to documents reviewed by The Wall Street Journal that provide a rare look at the performance of one of Silicon Valley’s top venture-capital firms.
The firm, co-founded by web pioneer Marc Andreessen in 2009, is routinely mentioned among the pantheon of great startup investors along with the likes of Sequoia Capital—a status that has allowed it to command higher fees than some of its rivals.
But an analysis of its performance, compared with funds from top firms and industry averages, shows that Andreessen Horowitz hasn’t yet earned that reputation.
You can see the entire story here: http://on.wsj.com/2bVlA7V
In Indiana, the Indianapolis Business Journal is reporting that venture capital firm Hyde Park Ventures has finished raising money for a new $65 million fund. This is the second fund for the Chicago-based firm, which was founded in 2011 and established an outpost in Indianapolis in early 2015.
Hyde Park raised $25 million for its first fund. IBJ reported in January that it was raising $60 million for Fund II, but officials couldn’t comment at the time.
“We’re super excited about it,” Tim Kopp, who leads the local office, said Tuesday about closing the second fund. “It gives us combined assets of nearly $100 million now.”
Venture firms “close” a fund when they receive a set amount of commitments from individual and institutional investors. They request, or call, that money when they find companies to invest in.
The story is here: http://bit.ly/2c78mT1
After closing up shop a year ago, Venture Snowboards has announced they will resume business for the winter 2016-17, but some aren’t sold on the company’s role and stability. Details: http://bit.ly/2bJgsk5
