Rewriting The Rules Of Venture CapitalLarry Light and Joan O'C. Hamilton
To David Blech, rebel venture capitalist extraordinaire, the orthodoxies of his field are too stodgy. At first glance, venture capital may sound like a high-wire endeavor: VC firms risk their investors' money to fund startups. But the truth is that the VC community is a pretty conservative bunch. They prefer to parcel out equity investments piecemeal, a year at a time, depending on the outfit's progress. The payoff can take as long as seven years, until the company is mature enough to sell stock to the public.
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