After the Gold Rush

The most enduring lesson from two new books on the VC business: how much the world has changed since their authors sat down to write them

No doubt two new venture-capital books, Inside Secrets to Venture Capital, and The VC Way: Investment Secrets from the Wizards of Venture Capital, were conceived in the days when dot-coms were flying high. Back then, all of 18 months ago, VCs were the heroes of a frontier economy deep in the thrall of a gold-rush mentality.

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