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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+?
A new report echoes what's been whispered around the industry for years: the model of funding startups through venture capital firms is not working any more.
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Rogue Black's profile photoRicardo Nuno Silva's profile photo
 
If you can, go directly to the angels themselves and bypass VCs. That's been the rule since the dotcom boom fizzled.
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