In 1989, he formed his own venture capital company, Bass Associates.
As a model, they admire private venture capital companies and leveraged buyout firms.
"The venture capital companies are out there, but they can't come anywhere near what the banks used to do."
He joined a Dallas-based venture capital company in 1986.
He noted that in the last five years the number of Pittsburgh-based venture capital companies has jumped from 4 to 15.
In 2006, it received received an investment from 3i, a private equity and venture capital company.
Prior to that, he operated his own venture capital company for six years.
Check the investment criteria of venture capital companies before you make an approach.
This means that venture capital companies are becoming more selective.
Because of the crash, venture capital companies have not been able to liquefy their holdings.