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Is Venture Capital Broken?

Harvard Business Review

The report, provocatively titled "We Have Met the Enemy and He is Us" [ PDF ], summarizes its findings thus: Limited Partners — foundations, endowments, and state pension funds — invest too much capital in underperforming venture capital funds on frequently misaligned terms. Maybe that's just the way it is.

article thumbnail

Is Venture Capital Broken?

Harvard Business Review

The report, provocatively titled "We Have Met the Enemy and He is Us" [ PDF ], summarizes its findings thus: Limited Partners — foundations, endowments, and state pension funds — invest too much capital in underperforming venture capital funds on frequently misaligned terms. Maybe that's just the way it is.