Base on statistics below, from PE Week Wire, as bad as it seems, its probably still easier to raise a round of money for a new VC fund than to raise seed/series A for a startup.

In light of Tejas Ventures folding after being unable to secure enough LP commitments for its debut fund, I looked at some data about recent first-time fund-raising activity. Getting the first one done is never easy (most fail), but first-time VCs are faring particularly badly right now when compared to their first-time LBO peers.

According to data from Thomson Venture Economics, the percentage of first-time VC funds getting raised compared to overall VC funds getting raised goes as follows:

2000: 34.27%
2001: 33%
2002: 28.4%
2003: 31.3%
2004: 26.84%
2005: 16.67%
Compare this to first-time LBO funds as a percentage of all LBO funds getting raised:

2000: 21.47%
2001: 25.3%
2002: 36%
2003: 28.57%
2004: 21.15%
2005: 21.05%