BioCentury
ARTICLE | Finance

Divided we stand

August 23, 1999 7:00 AM UTC

Industry watchers have wondered for some time what the Monday partner meetings are like at venture firms that invest in both internet plays and biotechnology, given the different recent experiences of both.

Institutional Venture Partners (IVP) and Brentwood Venture Capital provided one answer, as they are abandoning the "generalist" venture investing model by creating two specialized firms that will consolidate the health care and information technology teams from each firm under separate umbrellas...