David Churbuck Reports that Venture Capital investments in Boston area are swooning, just as Sox is rising. (By the way, curse out of the way, next year, its all about baseball…. just baseball!)
My sense is that IT investment opportunities – the traditional bedrock of the region – have all but dried up. If the early 90s were driven by networking startups founded by displaced minicomputer engineering talent tossed on the street by the extinction of the dinosaurs at DEC, Wang, Data General, et al – Stratacom, Chipcom, etc. – the early part of this decade hasn’t seen the talent spinoffs expected from the region’s early strengths in search services. I sense that with a lot of overhang from uninvested funds, the region’s VCs are following two strategies: one, if you don’t know what to do, don’t do anything; and second, if you can’t spend what you have, don’t raise more.