Atlas Venture Shrinks Back To Boston

We all know the crisis in the venture capital community is starting to have real word effects, but for some it means totally changing how they run. Today Atlas Ventures announced it is moving its entire operation to Boston, bringing together its US and European teams in one place, and reducing its headcount.

Atlas says its fundamental international early stage investment strategy “will not change” nor will its plans to “add new European investments” to its international portfolio. However, being based in Boston – with the normally European-based partner Fred Destin moving there as well – still deals a blow to the European startup eco-system and potentially calls into question Atlas’ position in the longer term. It is however, a boost for the U.S. East Coast system.