This week's edition of Forbes reports on the rather bleak reality of venture fund investments. According to Cambridge Associates, reports Forbes "the median annual return for all venture funds raised in 2000, the peak of the dot-com craziness--is 1%."
Read the article: "Venture to Nowhere" by Rebecca Buckman.
Creating a good idea and implementing it requires more than "financing". Developing a product that works and that sells is important too. Moreover, an ethical backbone is the material of a successful entrepreneur--not ego, hyperbole, and a virtual bank account.
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