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	<title>Darth Capitalist &#187; Finance</title>
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		<title>Top Five Signs the Venture Capital Recovery is Underway</title>
		<link>http://darthcapitalist.com/2009/09/top-five-signs-the-venture-capital-recovery-is-underway/</link>
		<comments>http://darthcapitalist.com/2009/09/top-five-signs-the-venture-capital-recovery-is-underway/#comments</comments>
		<pubDate>Sat, 26 Sep 2009 04:58:44 +0000</pubDate>
		<dc:creator>Andrew Shriner</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Venture Capital]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[CalPERS]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Foundry Group]]></category>
		<category><![CDATA[GLOCAP]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Slide.com]]></category>
		<category><![CDATA[Tesla Motors]]></category>
		<category><![CDATA[Twitter]]></category>

		<guid isPermaLink="false">http://darthcapitalist.com/?p=169</guid>
		<description><![CDATA[&#8220;From a technical perspective, the recession is very likely over,” Ben Bernanke recently declared. 
Here at Darth Capitalist, we are all relieved that the whole recession business is now behind us and we hope that amid record profits and forthcoming record bonuses, Goldman Sachs will remember that we have always liked them and our account [...]]]></description>
			<content:encoded><![CDATA[<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica;"><span style="letter-spacing: 0.0px;">&#8220;From a technical perspective, the recession is very likely over,” Ben Bernanke recently <a href="http://www.marketwatch.com/story/bernanke-declares-the-recession-over-2009-09-15">declared</a>. </span></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica;">Here at Darth Capitalist, we are all relieved that the whole recession business is now behind us and we hope that amid record profits and <a href="http://www.guardian.co.uk/business/2009/jun/21/goldman-sachs-bonus-payments">f</a>orthcoming <a href="http://www.guardian.co.uk/business/2009/jun/21/goldman-sachs-bonus-payments">record bonuses</a>, Goldman Sachs will remember that we have always liked them and our account and routing numbers are available upon request.</p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;">But what of the current state of venture capital? Nearly every day there is talk of broken models, shakeouts, closures, portfolio liquidations, and men trying to feed their families on management fees alone. Despite such horror stories, we here at Darth Capitalist have seen the signs that the venture capital recovery is indeed at hand. So without any further preamble&#8230;</p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong>Darth Capitalist Presents the Top Five Signs the Venture Capital Recovery is Underway:</strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong>5.</strong><strong> Tesla delivers its <a href="http://www.teslamotors.com/media/press_room.php?id=1867">700th roadster</a> on September 15th.<span style="font-weight: normal;"> </span></strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong><span style="font-weight: normal;">Although Bentley remains the official car of the superstar venture capitalist, the rank and file of the profession can’t be expected to ride their road bikes to breakfast meetings.</span></strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong>4.</strong><strong> Private equity recruiting firm GLOCAP is looking to hire </strong><a href="http://www.doostang.com/jobs/view/174604?page=12&amp;src=job_search"><strong>Associate Recruiters</strong></a><strong> for their Venture Capital practice in San Francisco.</strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong><span style="font-weight: normal;">When the recruiters are recruiting recruiters for an industry, things must be on the mend.</span></strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong><span style="font-weight: normal;"><strong>3. Venture capitalists are cool again.</strong></span></strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong><span style="font-weight: normal;"><strong> </strong>Just ask the Reservoir Dogs, er <a href="http://www.foundrygroup.com/">Foundry Group</a>.</span></strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong><span style="font-weight: normal;"><strong>2. CalPERS </strong><a href="http://www.calpers.ca.gov/index.jsp?bc=/about/press/pr-2009/june/alters-asset-allocation.xml"><strong>increases asset allocation</strong></a><strong> for its Alternate Investment Management program (read: private equity) from 10 to 14 percent.</strong></span></strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong><span style="font-weight: normal;">It may be time for VCs to go back to the well. This time, its back to basics. Again. Seriously.</span></strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong></strong><strong><span style="font-weight: normal;"><strong>1. Obscene <a href="http://online.wsj.com/article/SB125382643140938735.html">valuations</a></strong><strong> are back!</strong></span></strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;"><strong><span style="font-weight: normal;"><strong></strong>In your face, Facebook! Step aside, Slide! Twitter gets $1B post money valuation on $100M in new funding from backers Insight Venture Partners and T. Rowe Price. Previously, Twitter raised more than $50M from Benchmark Capital, Institutional Ventures Partners, Spark Capital and Union Square Ventures.</span></strong></p>
<p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px;">In anticipation of the forthcoming golden age of venture capital, we at Darth Capitalist are celebrating with cautious optimism by lighting our cigars with $100 bills. Canadian.</p>
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