Many Niches ? Blog Archive ? The VC Model, The Funded, and The Problem With Associates
Fred’s claim is that the VC model is not broken.? He’s right.? Sort of.? Being broken would imply that it was fixed or working correctly at one point in time.? I would in fact argue that the model was flawed from inception, and was based on the imbalance of supply and demand for risk capital.
7/7/2009 5:17:19 PM