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Friday, August 12, 2011
Stock Market Drops. VCs Hold Partner Meetings. What Happens Next?
Editor?s Note: This is a guest post by (@msuster) Mark Suster, a 2x entrepreneur, now VC at?GRP Partners. Read more about Suster at?Bothsidesofthetable Venture Capitalists typically have partners' meetings on Mondays. Yesterday was a Monday. And not a pleasant one. The stock market is off 15.1% over the past 2 weeks. Nobody knows where it's headed next. But as VC partners sat in their weekly meetings yesterday I can assure you that many of them were looking just a little bit closer at the cash needs of their portfolio companies - making sure they're "fully funded." I'll bet many of them did a review of their "investment pace" as in - how quickly should we be investing. I'll bet many did a slow roll on deals that might have gotten approved today. Not a "no" but not yet a "yes." What should you do about it? And what should you expect from the economy ahead? Read on ...
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