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How the Next Generation Is Approaching Society’s Biggest Problems

Harvard Business Review

Second, changes in technology have dramatically lowered the cost of experimentation and create unprecedented transparency into problems, solutions, and results. How did Sal Khan finance his venture? First, Sal Khan could have continued in finance and made far more money than he does in a nonprofit.

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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. Finance Venture capital'

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The Disruption of Venture Capital

Harvard Business Review

Because of the limited investment that accelerators offer companies (usually less than $40,000), they can evaluate business plans and founding teams more quickly than traditional venture investors with arguably less risk. Accelerators with a handful of full-time employees and no limited partners will accept dozens of companies each year.