But he found his stride in venture capital and “got in on the ground floor of the cellphone industry.”
And the venture capital company wasn't using its own money either.
The world of venture capital is rich with tales of colossal payoffs.
venture capital funding also steers clear, with a 39th-place finish in Access to Capital.
But that same year it also rasied nearly $300 million in venture capital.
And in 2012, 16 European companies backed by venture capital went public, raising 379 million Euros between them.
So a venture capital crash could be a far more pulverizing loss to our economy, in the long-term, than the job losses in finance.
Parallel to the most advanced and promising scientific endeavors, venture capital underwrites the industries of the near future.
In the USA – the private sector invented its own enormously successful support structures (such as venture capital funds).
Investment and venture capital funds became the second most important source quantitatively.