Economics: Is Venture Capitalism Broken?
From the article, "Mulcahy says the investors with the big money -- pension funds, foundations like hers -- hand over billions to venture capital firms that are supposed to be picking the next Googles, Facebooks and Apples -- the innovators that will offer us new choices and improve our lives. But lately the investments just aren't paying off... and investors are pulling out."
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Related
http://www.kauffman.org/newsroom/institutional-limited-partners-must-accept-blame-for-poor-long-term-returns-from-venture-capital.aspx
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Note: Via +Jeff Horwich on Marketplace. Dear Jeff, Why aren't you using Google+?
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