Is the end nigh for VC as we know it? Citing "a terribly weak exit environment," Dallas- and Silicon Valley-based Sevin Rosen Funds has put the brakes on its 10th fund, telling investors – who had already committed some $300 million to the fund – "the statistics have clearly shifted in an unfavorable direction. The venture environment has changed so that overall returns for the entire industry are way too low and even the upper-quartile returns have dropped to insufficient levels." Or, as Sevin Rosen general partner Steve Dow told The New York Times, "The traditional venture model seems to us to be broken." Which is not to say it is closing up shop; the firm still has funds to invest from its earlier funds, and it isn’t ruling out a comeback. The move may seem like a cop-out to some. "My job is to find the best opportunities we can find," Kleiner Perkins Caufield & Byers affiliated partner Kevin Compton said in a Times interview. "In our opinion, there continue to be great opportunities."