The Kauffman Foundation, which has ties to the venture industry, has issued a damning study of the business that addresses long-running concerns about poor performance and concludes that the limited partners who invest in funds have no one but themselves to blame.
The report, “We Have Met The Enemy…And He Is Us,” draws on lessons from 20 years of investing in venture capital by the foundation, which currently has about $249 million of its $1.83 billion portfolio allocated to venture. The Kansas City, Mo.-based organization promotes entrepreneurship and education, and is known in the venture world for creating the Kauffman Fellowship to train venture capitalists, a program that it spun out in 2003.
To read the full, original article click on this link: Kauffman Foundation Bashes VCs For Poor Performance, Urges LPs To Take Charge - Venture Capital Dispatch - WSJ
