About Paul Kedrosky
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| Dr. Kedrosky is currently the Executive Director of the William J. von Liebig Center in San Diego, California. Using an innovative seed capital program, the Center catalyzes the commercialization of technologies from the internationally-ranked University of California, San Diego. Dr. Kedrosky is also a venture investor with Ventures West, Canada's largest institutional venture capital firm, where he is most active in consumer technologies and software. He is currently on the board of Marqui Corporation, a marketing automation software company. |
Recent Article:
Be it Resolved: Venture Capital is an Attractive Nuisance
- For more on Paul Kedrosky visit paul.kedrosky.com
Venture capital, as an institutional asset class, is pretty much dead. Sure, you can get returns from some smaller and more aggressive funds, but any supposed institutional financial asset class that a) can provably thrive only with teensy amounts of cash, and b) whose entire annual returns are bound up in fewer funds than there were graduates in my small-town high school class (18, if you must know), isn't really much of a financial asset class at all.
Matter of fact, given the tireless penchant of government and LPs for the field, it increasingly reminds me an attractive nuisance, to use the term of legal art. Hey, maybe like with neighborhood pools, or collapsing buildings, we need a metaphorical fence to protect childish would-be venture LPs from jumping in and hurting themselves.
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Venture capital, as an institutional asset class, is pretty much dead.
