ff Venture Capital, where I am a Partner,has consistently generated a gross IRR on invested capital in excess of 30%. We've done that in a world where the average ten-yearreturnsfor venture capital firms are in the single digits. Historically we couldn't say this in a public setting;now we can.
Software is eating every industry, including the entrepreneurial ecosystem itself. Funding platforms and tools such as AngelList and Indiegogo are clearly changing how entrepreneurs are raising capital. (Indiegogo is a ffVC portfolio company.) But what about venture capital firms?
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