Friday, January 21, 2005

The Return of Returns: "If we had any doubts about the VC business returning to its former opulence, they disappeared last night at Onset Ventures' soiree at the Quadrus Center in Menlo Park, Calif. We're talking oysters on the half shell, 2003 La Crema Pinot Noir, Recchiuti chocolates, a jazz combo, and multiple art exhibits. Making the scene were Dick Kramlich from New Enterprise Associates, Heidi Roizen from Mobius Venture Capital, and too many others to mention. Maybe it was the occasion that made Onset spring for the good stuff--the firm was celebrating its 20th anniversary. But we think it may have just as much to do with the VC industry's recent returns."—BusinessWeek: Deal Flow