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Venture capital industry hasn't hit bottom yet, says longtime VC

Jon Brodkin | Aug. 7, 2009
It may seem like the worst of times for tech companies trying to secure investments from venture capital firms, but the darkest days may be yet to come, says longtime venture capitalist Michael Fitzgerald.

The VC community doesn't have the capacity to take on a capital equipment project that's as expensive as these cloud computing facilities are eventually going to look like, Fitzgerald says. You're going to see those things put together by very large companies, like IBM, Google, Oracle, Amazon and Microsoft.

 

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