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 In speaking with venture capitalists on a near-daily basis, finding one who will say the Armageddon is upon us has been a fruitless endeavor. Likewise, none are exactly giddy about the situation, though most are in a better mood when discussing the more reasonable valuations they're seeing today.And while the current recession is far worse than any other recent downturns, some VCs remain unfazed. "We were here for 2001, 1987 and 1974," said Ray Rothrock (pictured), managing general partner at Venrock, which was founded in 1969. "This is probably a great time to invest in infrastructure- and enterprise-related things. Spending will come back in due course, but that's not when you want to start to invest." Rothrock said it's business as usual at Venrock, and that the company has not pulled back on its activity in light of the current economic conditions. Indeed, Venrock led a $10 million Series B funding round for on-demand billing software company Aria Systems Inc., which was announced on Monday. Rothrock said Venrock isn't really changing anything because the company has always been diligent and deliberate when making investments. "Venrock is a very evidentiary group," he said. "If we're looking at a science company, we understand the science." With $2.1 billion under management, Venrock certainly has the size to ride things out. And though he wouldn't go as far to say he's seeing any "bargains" in the marketplace, Rothrock was upbeat when discussing valuations. "This is a value investment time," he said. "Prices have never been better." - David Shabelman See Dec. 8 press release from Aria Systems See Dec. 8 post from Silicon Alley Insider See Dec. 3 post from Tech Confidential See Dec. 2 post from Tech Confidential
Comments
From: Tamra Burgess,
And $2 billion under managment huh? So I guess THERE IS $$$ to reimburse me for my losses because Rothrock was too stupid to check the credentials of a soon to be convicted securities fraud, including while socializing with the fraud @ numerous social events. We SHOULD all get $22 million to play around with then a golden parachute out after blowing $22 million in less than 7 months. And I feel really sorry for customers of one of his investments that Eric Sean Copeland still brags about: consumers don't know their monies are continually funding the fraud paid off with every purchase.
Posted on:
January 7, 2009 7:08 PM
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This info should either help *anyone* receive unlimited funds with no questions asked.
Eric Sean Copeland, Ray Rothrock and Tony Sun of Venrock GRACIOUSLY funded a convicted securities fraud, drug trafficker, money launderer and employment fraud to the tune of $22 million plus gave/authorized the option for the fraud to continually profit to this day still INCLUDING after the employee applied for credit in employees' name because his own credit was so jacked up after a Ponzi scheme. Liens were even in his credit report prior to being given $22 million graciously. And more funds were given just prior to his conviction for securities fraud/ponzi scheme.
This information has been publicly documented for over 7 years and Copeland, Rothrock, Sun nor anyone @ Venrock CANNOT deny the statements as doing so would only compound the problem.
www.itamra.com/livelearn.php
Copeland, Rothrock and Sun's unethical response is to laugh the matter off as if what I worked for was trivial and their organization made the right decision to fund a fraud GRACIOUSLY with an option to continually profit.