Venture capital firms and angel investors are now private equity investors
By Tom
Saturday, May 12, 2007
In the days of the Internet Boom, venture capital firms were popping up everywhere. Angel investors were waiting around every corner offering start up money for a piece of the hoped for IPO. Venture capital firms back in the mid and late 1990's were often a group of guys from Connecticut or Silicon Valley, who knew a great deal about business or technology, respectively. Sometimes they hit home runs, the vast majority of the time they produced no return on investment. Those private equity investment firms who survived the bubble are normally wise organizations that recoil at being referred to as venture capital firms.