Venture capitalists have started pumping their remaining capital into hundreds of seed and early stage deals, looking for the next big thing...

...Large limited partners in venture funds, many of which are government affiliated like CALPERS, are starting to complain about the 2 percent management fees and 20 percent carry (the share of profits received by VC partners) that firms earn, so, like the big banks, venture capitalist pay cuts are on the horizon in 2009.*

Assuming these the first is an actual trend & the former a real pressure, how do those two react? Aren't seed rounds more 'expensive' to run?