The first signs of the coming venture capital winter were spotted in the second half of 2008, and then it descended with a vengeance.
Moshe Gavrielov, president and CEO of programmable logic vendor Xilinx Inc. (San Jose, Calif.) was soon warning that venture capital would not come back to semiconductor startups even after the current economic crisis had passed. The sums had gotten too high and the payback too low in chips, and other sectors, such as green technology, were coming to the fore that offered VCs a better cost/benefit balance.
Full story here: Venture capital creeps toward the light
