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Archive for February, 2009

The Joy of Birth and the Joy of Hope

Posted in Uncategorized on February 9, 2009| Leave a Comment »

Our first grandchild was born at 9:05 AM on February 8, 2009. Forty-five minutes later, our son walked into the waiting room with a great big smile and gave each of the grandparents a big hug. With anticipation, we then went in the recovery room. There was our daughter-in-law holding this beautiful gift of life, our grandchild.

Regardless of the day to day challenges that we all face , the Birth of a Baby brings forth the joys of Love and Hope.

To our grandchild on this magnificent day, we pass on to you the blessings of your forefathers.

“Go forth into the world and Live a Long, Prosperous and Fruitful Life. Bring Honor to Yourself, your Family and your Heritage. Have Ethics and Integrity, Love your Family and have Hope for the Future”.

From your proud and loving Grandparents

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VC fundraising dropped 21 percent in 2008

Posted in Uncategorized, tagged , , , , , , on February 3, 2009| Leave a Comment »

Fundraising by U.S. venture capital firms declined 21.4 percent in 2008, a new report has found, driven down by a sharp decline in the fourth quarter as the global financial crisis throttled the industry that bankrolls much of Silicon Valley’s innovation.

The report, issued Monday by the National Venture Capital Association and Thomson Reuters, found that $27.9 billion was raised in 211 funds in 2008, compared with $35.5 billion in 247 funds in 2007. Fundraising in the fourth quarter totaled $3.37 billion, down more than $5 billion from the previous quarter and nearly $8.3 billion less than the amount raised in the fourth quarter of 2007.

The news was by no means unexpected. VCs and their limited partner investors — pension funds, university endowments and other large financial institutions — have all embraced a more conservative strategy in the uncertain economy. Industry analysts expect the pace of fundraising and deal-making to remain relatively slow through at least the first half of 2009.

Read the full article here

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