There will never be enough early-stage venture capital (VC) to satisfy the world’s venture hopes. But these hopes may be misguided by the myths—and the hype—of VC.
VC has many holes that need to be plugged:
· VCs finance very few and succeed on fewer. Although VCs are very selective and only finance about 100/100,000 ventures, they fail on about 80. Only about one is a home run (HR).
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