By Alexander Taub, Contributor

On April 5th, Danielle Morrill wrote a post titled Zombie VCs on her personal blog. Morrill, a popular fixture in the SF tech scene, former Employee #1 at Twilio and current founder and CEO of Referly, posted a list of VCs she considered zombies. To say that the post caused a bit of an uproar in the venture space, would be an understatement. Zombie VCs, according to Morrill, are “venture firms in which the partners are 3-5 years into investing their fund, don’t have very strong results so far, and are struggling to raise new funds.”  Instead of using their remaining capital to invest in new companies, they decide instead to double-down in follow-on rounds with their existing portfolio. And yet, they still take meetings with new companies giving them the glimmer of hope for an investment. Morrill ultimately infers that these VCs take the meetings to make themselves seem relevant, rather than to actually invest in the ideas. The zombies almost always decline to invest due to the risk associated with startups.

From: http://www.forbes.com/sites/alextaub/2013/04/11/zombies-of-the-tech-world-the-vc-brain-drain/