Disagreements have emerged between the partners of Evergreen Venture Partners as the firm' gets set to meet investors to raise a new fund.
As the venture capital model is taking hits and its raison d'etre is reconsidered at conferences and in the media around the world, venture capitalists who wants to remain relevant in the future must review their strategy for the future, and this is the case at Evergreen.
Evergreen general partner Erez Shachar told "Globes" today, "Evergreen is not an exception. We've nearing the end of the investment period of our fifth fund, and we have to think ahead. We're in feverish talks to decide on a model and how we will continue to operate and raise capital in an environment that is undergoing fundamental change. I consider the disagreements to be healthy. It's better to raise questions than to fly on autopilot."
Evergreen general partner Adi Green said, "The market is changing in front of our eyes, and we're holding strategic discussions to decide what is the right place for us. No one is splitting or going home. We'll stay here for many years to come."
Published by Globes [online], Israel business news - www.globes-online.com - on March 2, 2011
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