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Investments

Jun. 13, 2012

Venture capital: a dysfunctional system?

Recent data shows that most venture funds did not perform significantly better than comparable small public equity portfolios. By Martin Kenney of UC Davis


During these the dark days of economic gloom in the U.S. and Europe, the U.S. venture capital-financed innovation system is widely admired and even envied globally. The roll call of new firms that received venture capital financing is incredible. Silicon Valley is a core symbol of the American brand of capitalism, in which a complex alchemy of venture capital, world-class universities, and a diverse population of talented people combine to produce a dynamic brew of innovat...

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