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Venture Capitalists Get Paid Well to Lose Money

Harvard Business Review

There are, of course, individual firms that succeed in generating venture rates of return. But they are too small in size and too few in number to make up for the vast majority of funds that fail to generate attractive returns (or any returns) for investors. Last year I spoke at a conference to an audience of VCs.

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How the Next Generation Is Approaching Society’s Biggest Problems

Harvard Business Review

First, private citizens, particularly younger people, are choosing different types of career paths. Distributing content over the Internet is also inexpensive, while reaching a potential audience of billions. If not, the investors receive a lower return and risk losing their capital. The government benefits by saving money.

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