What venture capitalists do on summer vacation: Jeff Bussgang’s in the office

Jeff Bussgang

Flybridge Capital Partners partner Jeff Bussgang writes a piece for PEHub saying venture capitalists don’t get the summer off, despite the complaints of entrepreneurs who say they can’t find them when it starts to get warm out, or rain all day every day — whatever it is that summer does.

Either way, Bussgang busts out the numbers to back up his argument:

We have closed 42 new deals since we started the firm 7+ years ago. Guess which month was our largest in terms of number and capital? August, with 9 new deals closed! December was second and July was third. So much for taking the summer off. Looking at the follow-on investments and new deals in aggregate (nearly 120 transactions), our data shows that December was the most active month and August second. So much for that theory.

I’d be curious to hear what other VCs and entrepreneurs experience on this dimension, but I have to say that the data suggests the urban legend is false. VCs simply do not take the summer off and aspiring entrepreneurs can get plenty of deals done, all else being equal.

So if you’re an entrepreneur and you can’t find your VC, he’s not on vacation — he probably just hates you.

Posted by Brendan Lynch

Tags: Jeff Bussgang, PEHub, vacation, VCs

This entry was posted on Friday, June 26th, 2009 at 12:50 pm and is filed under Entrepreneurship, Financial Services. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.