Deservedly called the riskiest asset class, Venture Capital has underperformed public markets for decades, and since 1997 less cash has been returned to VC investors than they have invested, reports the Kauffman Foundation. The tiny group of top-performing funds who have returned at least twice the capital invested continues to capture outsize media and public attention. Gillian and Anne go deep into why the overall performance of VC is so poor, and their take on what to do about it.
