Deloitte & Touche’s “Global Trends in VC” report, published annually, dwells upon the rapid and often seismic shifts in focus and tone seen in the VC community over the past five years.
Five years ago the VC industry, and particularly funds based in the US, were still recovering from the bursting of the tech bubble. Many of the sectors that looked most promising back in 2004 – from semiconductors to telecommunications firms – today look at best mature, at worst stagnant.
Meanwhile,
