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Latest articles

Where Venture Capital Is Broken

By Jessica E. Lessin · Sep 23, 2018 7:57 PM PDT · 1 comment

In his interview with Reed Albergotti, Social Capital founder Chamath Palihapitiya didn’t mince his words when describing why he is transforming Social Capital into a tech holding company (aka he wants to “flush” out bad investors). He was also quite blunt in his analysis of what is wrong with venture capital.

The summary of his critique is that venture capitalists ...