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The Venture Capital Coma Continues: The Big Point

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers. 

PitchBook released its final data confirming that disappointing performance continued through year-end 2025. The history of venture capital has persisted, delivering a small cluster of good annual returns surrounded by extended periods of miserable results. While prosperity is not around the bend, the market has bottomed.

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