✳flâneur — a map of the web's best reading

Follow the Money | WIRED

wired.com · 1,265 words · saved by 1 readers

When you rummage through the IPO investment prospectuses of the hottest companies in technology, names like Kleiner, Perkins, Caufield and Byers, the Sequoia Capital, and Venrock Associates are often disclosed as the biggest investors in the deals. While venture-capital activity is largely a private affair, it's never been too hard to pick which firms were boasting the biggest returns for their investors. Put your ear to the ground near the foothills of Menlo Park, California, and you can hear a rumbling herd of VC leaders. The names of these "top-tier firms" have remained largely the same over the last dozen years or so. (See inset table.) To the chagrin of "second- and third-tier firms," institutional investors who traditionally pump cash into VC funds, such as pension funds and universities, are beginning to wake up to this trend. Almost uniformly, they are pulling back and investing only in the top-tier group. "When we were out raising our first US$20 million seed fund in early 199

Save this story Save this story Follow the Money Top-Tier, Aspiring, and Expiring VCs When you rummage through the IPO investment prospectuses of the hottest companies in technology, names like Kleiner, Perkins, Caufield and Byers, the Sequoia Capital, and Venrock Associates are often disclosed as the biggest investors in the deals. While venture-capital activity is largely a private affair, it's never been too hard to pick which firms were boasting the biggest returns for their investors. Put your ear to the ground near the foothills of Menlo Park, California, and you can hear a rumbling herd

Explore this link on the map →

related reading