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Now, in this buyer's market, venture capitalists are out again, scouting for deals, albeit selectively.
Bob Diamond, ousted as boss of Barclays last year after the Libor-rigging scandal, potentially stands to reap millions of pounds from a new stock market venture set up to acquire financial services companies in Africa.
Evolution Securities said Venture looked cheap on most measures: "This [the 725p paid by Centrica} is a low price compared other deals Centrica has completed in the North Sea over the last four years". In the market Venture has jumped another 10p to 765p while Centrica is up 1p at 237.25p.
Other lenders in the financial market (venture capital, investment funds) are not able to reach a 'critical mass of customers' capable of achieving the same economies of scale.
Contrary to the myth of a perfect market, venture funding isn't a cold, calculated process of pouring over the best ideas from around the country.
The round was co-led by the Mexican investment fund Capital Invent and emerging market venture capital fund Rise Capital (led by a former manager of the wildly successful emerging market hedge fund investment firm Tiger Global).
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The governor called it the Pride of New York Wholesalers' Market, but it would also sell food grown in surrounding states, said Theodore Spitzer, president of Market Ventures, an urban planning and marketing firm that helped the state plan the market.
Stocks are expected to open higher today as the market ventures further into record territory amid optimism triggered by better than expected corporate results.
An even more mass-market venture capital product, the meVC Draper Fisher Jurvetson Fund I, is already in a slump.
Fees for simply coming up with an unregistered name can range from a few thousand dollars for a one-market venture to more than $70,000 for a global name and a dot-com counterpart, according to industry estimates.
MARKET TABLE This may be the most ambitious restaurant-market venture, with half the premises devoted to selling meat, seafood, produce, groceries and some restaurant foods ready to cook, like the pork chops from Little Owl, whose owners are partners here, and prepared crab cakes, ready to sizzle.
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