Apparently, venture capital is a cruddy asset class where you can't get returns over the long term.
Not only that, but there's a "Series A Crunch" that we've been talking about since October of 2011 where good companies can't seem to get to their next round of funding.
And tech journalists talk about these things as if they're some kind of structural problem or at least a trend with the asset class.
That might make sense, if venture capital was an asset class. Saying that venture capital is an asset class is like saying that Italians are a race. Venture capital is just equity--and it's equity that isn't widely available to everyone and it gets invested in by a wide variety of investor types with different strategies.
To read the full, original article click on this link: - Thisisgoingtobebig.com - Don't blame the game, blame the playas
