The world of venture capital is defined by its own carefully constructed mythology: hoodie-wearing billionaires, unicorns and Midas touch investors. But the numbers tell a very different story: Most VC firms operate on at least a 20 percent loss ratio in their investments.
A number of new, innovative VC models have cropped up in the industry, but the existing mythology has continued, to the detriment of the innovation economy that is so crucial to the United States, and beyond. READ MORE