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Capitalism’s Future Is Already Here

Harvard Business Review

Already, in his 1962 book Capitalism and Freedom Friedman had declared that “there is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”

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The Disruption of Venture Capital

Harvard Business Review

A key constraining resource in traditional venture is a VC investor's time. There are parallels with the music, publishing, and movie industries where returns are still largely driven by blockbusters rather than the long tail. Still, being astute and agile does not guarantee immunity to disruption.