For the past decade, the venture capital industry has been in decline. In 2010, the real dollar amount of money the industry raised from its limited partners was 44 percentof 2001 levels; the number of active venture capital funds was 63 percent; and the number deals venture capitalists undertook 73 percent.
full articlePhilip Auerswald argues that entrepreneurs will spark growth worldwide.
They distort behavior, leading to economic inefficiencies.
Searching for higher returns to bridge looming shortfalls, public workers’ pension funds...