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Venture Capitalists Get Paid Well to Lose Money

Harvard Business Review

2013 had all the signs of being a comeback year for venture capital. Booming public equities and a recovered IPO market generated record portfolio company exits and distributions from VC funds. The industry realized its highest returns since the Internet boom. VCs barely invest in their own funds.

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Could a Four-Year-Old Do What Carl Icahn Does?

Harvard Business Review

He is no Jim Simons , using his mathematical genius to outsmart the market in (to an outsider) incomprehensible ways. Venture capitalist Mark Andreessen, a target of Icahn’s attacks as a board member at eBay, recently likened the 78-year-old to a six-year-old. Wait a while. If necessary, write another letter, or a few tweets.

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