Any venture firm that braved the fund-raising market over the past 18 months can testify to the challenge of wrestling commitments out of investors. Some of the most prolific venture backers, namely university endowments and charitable foundations, have been forced to the sidelines by their own liquidity concerAny venture firm that braved the fund-raising market over the past 18 months can testify to the challenge of wrestling commitments out of investors. Some of the most prolific venture backers, namely university endowments and charitable foundations, have been forced to the sidelines by their own liquidity concerns as declining… More»