In the first nine months of 2008, VC investments accounted for 40 per cent of all investment transactions taking into account investments by private equity firms, buyout firms and VCs. In all, VC firms concluded 108 deals with a total transaction value of $ 678 million, during the nine months to September 30, 2008.
But the good times may not last long as investors become more risk-averse and hold back money for asset classes that are percieved to be more risky, such as venture capital and the emerging economies of India and China, said Sumir Chadha, managing director, Sequoia Capital India, and chairman of the Global Indian Venture Capital Association (GIVCA).
The GIVCA, earlier known as the US-India Venture Capital Association, represents around 40 VC firms that together account for approximately $ 5 billion of committed capital.
Alok Mittal, managing director, Canaan Partners and a GIVCA member, said he expected VC investment activity would not slow down but would not jump either because of the current financial crisis. Admitting that the industry had hit a rough patch, Mark Sherman, general partner of Battery Ventures, said they were still exicted by the growth opportunities here.
But the good times may not last long as investors become more risk-averse and hold back money for asset classes that are percieved to be more risky, such as venture capital and the emerging economies of India and China, said Sumir Chadha, managing director, Sequoia Capital India, and chairman of the Global Indian Venture Capital Association (GIVCA).
The GIVCA, earlier known as the US-India Venture Capital Association, represents around 40 VC firms that together account for approximately $ 5 billion of committed capital.
Alok Mittal, managing director, Canaan Partners and a GIVCA member, said he expected VC investment activity would not slow down but would not jump either because of the current financial crisis. Admitting that the industry had hit a rough patch, Mark Sherman, general partner of Battery Ventures, said they were still exicted by the growth opportunities here.