Venture capital (VC) is the 3rd rail of venture financing. It is highly charged and mostly misunderstood. The assumption is that there is a shortage of VC, implying that more VC will result in more home runs, more wealth, and more job creation. Yet, a few VCs earn most of VC profits, and very few entrepreneurs benefit from VC.
VC was developed in the U.S. The first VC fund was in Boston and Silicon Valley has perfected the funding strategy. So VC is not only an American invention, but it could only have been developed in the U.S. Here is why. READ MORE