Startups Find the Fund Raising Environment Has Turned Treacherous
August 26, 2016
It’s not as if the funding market has closed for business. “I actually think the funding environment has returned to something I’d describe as ‘normal,'” Lighter Capital’s Lackland said, noting that his investment model, which he describes euphemistically as “VC lite,” continues to provide funding to compelling investments.
“I know it feels as if the capital environment is down, because it was so frothy,” he added. “But raising money should be hard. Equity investors need to be very choosy with high risk businesses.
“I think we’re just backing off from what was a frothy market,” he said.