I wrote in The Deal two years ago that a new generation of venture capital funds were approaching the top-tier. Among the names mentioned were Kodiak, General Catalyst, Ignition and DCM-Doll Capital Management.
Yesterday, something happened to reinforce my view: DCM-Doll Capital closed a $500 million fifth fund. (It also shortened its name to DCM, which does nothing to affect my view of the firm's ascent to top-tier status.)
With so much capital being raised by venture capital firms, it may appear to be a foregone conclusion that any firm with a track record can close on a few hundred million. But, it's not that easy, as the reported troubles at Worldview Technology Partners exemplifies. So, DCM's big raise only two years after closing on $375 million is impressive.
For more on DCM's new fund, see:
The Deal
DCM's press release
Technorati tags: dcm, vc, venture capital.
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