Humanity must deploy better systems to improve the longevity of the human race.
Money managers must improve the investment thesis that determines what returns can be discovered.
Venture capital should outperform any 100-year old asset class by a long shot. It does not as Dick Kramlich of NEA confirms.
Limited Partners have not asked the questions they should have, the reason why they have gotten fooled.
A real entrepreneur does not need a VC for operating experience. Unless that entrepreneur got roped into venture capital's infamous "capital-efficiency" program, designed to protect investor downside at all times.