Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
In July, the Rabid Capitalist reported that the venture capital industry faced an extended downturn. A limited number of attractively valued IPO and M & A transactions had suppressed fund returns. The recent modest improvements in exit volume and value have been insufficient to restore the asset class’s historical performance and limited partners’ confidence. General partners and founders will have to wait for a resurgence in IPOs and acquisitions for capital availability to rise.
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The Rabid Capitalist 
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