A few years back, I created a Word document called “The Walking Dead.” These were venture capital firms that were officially in business — lights on, working websites, cash to support existing investments — but which no longer had enough cash to add new portfolio companies.
Then I made the mistake of mentioning this document to peHUB Wire readers, who began regularly asking me to publish it. This posed some big journalistic dilemmas, because the list was mostly based on hearsay and intuition. Great for my desktop — bad for the Web.
Last week, however, I began the process of verifying the zombie-hood of the aforementioned firms. What I came up with were 14 shops that could legitimately be dumped into the Walking Dead bucket. That only represents around one-third of the firms on my personal list, but it’s better to be safe than sorry when it comes to things like this. If you’ve got an additional firm to nominate — and can provide some specific details — my inbox is always open and confidential. And yes, I do expect this to just be Part I of an ongoing series.
So, without further ado, here you go…