Is venture capital model broken? Never believe the hype

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Now, previously well-funded ventures pursuing fast-paced “growth at all costs” strategies are either having to pivot hard or close up shop. FILE PHOTO | COURTESY

I stumbled upon a rare and honest self-reflective report about the Venture Capital (VC) industry.

Although penned in 2012, the report by the Kauffman Foundation, a renowned VC limited partner (LP) with more than Sh300 billion in assets under management, still rings true today.

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Note: The results are not exact but very close to the actual.