Not So Bad Economy?

Kara Swisher at All Things Digital correlates the false positivity of Venture Capital fundraising with a not so bad economy. Wishful thinking perhaps, here is our response:

Well, average returns of VC funds over the last 10+ years are still in line with the economy, both are negative. More money-in using the current flawed VC economics, in violation of free-markets, only subscribes to how clueless Limited Partners are or how large the size of the Private Equity overhang still is.

We really should be ashamed the venture asset-class with a wide-open greenfield still cannot produce returns outperforming hundred-year old asset classes.

There is something seriously wrong with the marriage counselor – VC – unable to join the interests of LPS with the interests of innovation, regardless of the state of the economy.

Read the online article with our response at All Things Digital.

The sign of an intelligent nation is its willingness and ability to reinvent itself, upstream. Let’s inspire the world with new rigors of excellence we first and successfully apply to ourselves.

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