Behind the Venture Capital Boom: Public PensionsBy
Few agree as to whether there’s a bubble in venture capital. Bill Gurley says there is one, Marc Andreesen says there isn’t, and so forth. Either way, some journalists have been quick to note that if there is a bubble, it is different this time. Because venture capital is funded by private, wealthy investors, the thinking goes, at least mom-and-pop investors aren’t at risk.
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