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Venture capital is the window to the innovation economy, but investment is increasingly centralised, with a handful of funds accounting for the bulk of investment, a panel of experts said at the Fiduciary Investors Symposium at Stanford University.

Venture capital also represents an investment opportunity outside the highs and lows of the market, they told delegates.

“Innovation happens all the time, no matter what markets are doing,” said Todd Ruppert, Chair of the INSEAD Endowment and venture partner Greenspring Associates. “Today is a golden era in venture capital.”

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