Venture capital is very different today than it was in the 1980′s when the industry experienced a wave of growth in response to changes in tax and pension laws. Back in the days when Apple Computer and Genentech were young start-ups, venture capitalists made smaller investments in earlier stage companies with less follow on funding than they do now.
Today it’s not surprising to hear that companies like Facebook or Groupon have raised over $350 million in a single venture capital round. But back in the early 1980s no companies were raising those amounts ($150 million back then in real dollar terms).
To read the full, original article click on this link: Venture Capital: No Longer a Business of Small Investments in Early Stage Companies
Author:Scott Shane
