Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Yesterday, PitchBook released its final data confirming that distressing performance continued through year-end 2024. The history of venture capital has persisted, delivering a small cluster of good annual returns surrounded by extended periods of miserable results. Despite the assurance of investment bankers and venture capitalists, prosperity is not around the bend.
Recent fund investment performance has been unimpressive.
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