Two weeks ago, I described how universities are encroaching on the space of traditional venture capitalists, initiating small funds to commercialize their own research. Their deal flow, driven by internal entrepreneurs, should move at a healthy clip, because the lousy returns of the last 10 years will force many mid-tier venture funds out of business.
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Is Venture Capital an Academic Pursuit?
July 12th, 2010
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Venture capitalists style themselves as the stewards of entrepreneurship, offering cash to young Edisons seeking both fame and fortune. Stunning returns for early investments in companies like Google kept the dream alive for egocentric investors and entrepreneurs alike. And yet like a Greek tragedy, the halcyon days brought the seeds of destruction.
