1 prof c fine mit 2003 professor charles massachusetts institute of technology sloan school management cambridge 02142 may charley edu http web ctpid www people html tel 617 253 3632 fax 6720 excerpts from roadmaps on shifting terrrain how to gamble if you must 2 the vc landscape in 2000 source vinod khosla & nvca yearbook 2001 venture economics firms existence professionals first time funds raised this yearvc capital year b avg fund size m 198087103524572 0836 5 1990375379414823 2039 0 20006938368164497105 05211 4 3 committed bubble amount invested 1995 1996 1997 1998 1999 7 6 12 17 29 8 50 90 48 9 47 91 32 20 40 60 80 100 investment fundraising ventureone ff undraising vs investedundraising 10 15