• The San Diego Venture Group promotes the delusion of VC positivity by inviting only speakers that depend on cyclical memory lapses of Limited Partners. Of course VCs have to think Venture is going to recover, for their own sake. Who wants to hear that story again?
• I received an invite by the U.S. Department of Commerce to partake in a Certified Trade Mission for General Partners to Australia, to which my answer was: it depends. My reply states: Venture will not recover if it does not change the economic model under which it operates, and while it is great to emphasize the entrepreneurial capacity of the U.S. of which I am a big believer, the VC model that is supposed to proliferate innovation has systemically failed and should therefor no longer be adopted around the world. Let’s get some straight talk in.

Tags: SDVG, Limited Partners, Europe, Relationship, Department of Commerce, General Partners, VCs, Australia, Entrepreneur