PE firm Conjoin Group targets underperforming VC-funded companies The VC industry is poised for consolidation. A Kauffman Foundation study last month found that the industry must shrink to half its current size to become efficient—that figure has become common knowledge in VC circles. LPs coffers have shrunk and Sequoia’s doomsday slides are looking prophetic.This puts mid-stage companies at risk as VCs shift their shrinking funds to their more mature portfolio companies. While super-angels are picking up more of the early-stage rounds, any startup that raised early-stage rounds in 2006-2007 are under tremendous pressure to find profits or die slowly.While solutions have ranged from a government bailout to an abandonment of the VC model, some investors see opportunity in the stranded assets. The Conjoin Group, combines offshore outsourcing, venture ... [ Read more ]