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. Some of the old-line venture firms have changed their strategy, but some are still locked into last decade’s model while the partners are living off of their management fees and go through cargo cult like rituals.
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