I believe no General Partner at any Venture Capital (VC) firm I know intentionally sets out to destroy innovation, yet the destruction of innovation is the outcome of the economic model under which Venture operates today.

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Tags: Innovation, SocialEconomicValue, Limited Partners, NVCA, Entrepreneurs, VC, Valuation, IPO, PPM, Transparency, Performance, Macro-economics, Marketplace, Meritocracy, Startup

To reinvent venture capital we need to reinvent the people behind it. The mechanics and size of government is irrelevant if it does not affect the behavior of politicians that inspires people to vote. Similarly, the effectiveness of Venture Capital will not improve by changing fund size, deal staging, etc. unless the investors change their behavior that inspires the right people to innovate...

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Tags: Subprime, Markets, IPhone, VC, Funds, Green Tech, Investment, Innovation, Kauffman, Limited Partners