The National Venture Capital Association (NVCA) held its annual breakfast in Washington DC yesterday. As part of the breakfast, Mark Heesen, President of the NVCA, provided some interesting thoughts regarding the state of the VC industry, which are summarized courtesy of Matt Gorra and Matt VanderGoot, corporate and securities attorneys in attendance at the breakfast:
This seems consistent with what I'm seeing lately. For example, Heesen's editorial comment regarding the FDA was echoed by panelists at the 2011 Washington State Biomedical Device Summit, which I attended at the University of Washington's Bothell campus on Tuesday. I'm also seeing a lot of companies work on raising their own VC funds, which appears to be increasingly popular ever since Google formed its own VC fund.
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