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Overhyped Startup Scene? Novak Biddle Targeting Less than $150M for Sixth Fund

09/10/2012

Novak Biddle Venture Partners is looking to raise less than $150 million for its sixth fund, an amount less than two thirds the size of its prior fund, according to VentureWire.

From VentureWire:

Novak Biddle General Partner Prashanth "PV" Boccasam said there's "too much money skewing the venture model," creating "over-hyped, over-funded venture start-ups" at a time when start-ups need less money than ever to prosper. "Smaller funds will have much better returns. It's the best way to invest” …

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