The Surprising Bias Of Venture Capital Decision-Making

"Stories of entrepreneurs launching innovative ideas, raising millions in venture capital and turning startups such as Uber, Airbnb and Snapchat into multi-billion dollar companies has catapulted venture capital investments, setting record numbers since the dot-com era. Venture capital investments in 2014 totaled $48.3 billion dollars, according to the National Venture Capital Association, with more than 40 percent accounted for by app startups. VC funds risk hundreds of millions of dollars, investing in companies with the expectation of hitting the jackpot and generating wildly large returns." Read more

Rob Bueschen TechCrunch 24 Sep 2015