Welcome to the Lost Decade (for Entrepreneurs, IPO’s and VC’s)
Steve Blank
JULY 15, 2010
VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. If the limited partners of these VC’s acted like real fiduciaries rather than waiting for the end of life of the fund, more than half of old-line venture firms would have shut themselves down today.).
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