A Venture Capital History Perspective From Jack Tankersley
Feld Thoughts
AUGUST 25, 2015
Instead, the driver was the 1983 bull market. Put a willing and forgiving exit market following any investment period and you get spectacular returns. As dollars flowed into the industry, cooperation was replaced by competition, to the detriment of deal flow, due diligence, ability to add value and, of course, returns.
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