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A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

Secondly, the driver of returns for the funds raised in 1978 – 1981 was not their underlying portfolios, at what stage, or in what industries they were built. Instead, the driver was the 1983 bull market. By 1994 the big software wins of the 1980’s were already funded or public.” This isn’t correct either. A good example is Symantec.