[medearis]

Though an interesting data point in terms of specific numbers, I also am not very surprised that VCs are losing money at the moment. What I did find somewhat refreshing was the fairly limited discussion of how this is an indicator that venture capital is dead and Silicon Valley innovation has come to a grinding fault. I think the days of needing millions of dollars to build a web app might be over. I think its possible to start a company with less capital now. But... there are still plenty of capital-intensive and innovative companies for VCs to invest in for the big payoff.