The Economist on venture capital -
VC is the asset class of the exponential age - complex, intangible driven businesses need this class of capital.
The revolutionaries of the 21st century have been the VCs - starting in Silicon Valley and spreading across the globe -
a virus - that has done good!
People who have backed people and ideas - and those humans who have succeeded have in turn become VCs .
These people have become the growth engine of economies!
Seven of the world’s ten largest firms were vc-backed. vc money has financed the companies behind search engines, iPhones, electric cars and mrna vaccines.
World Economies are Creating these amazing animals called Unicorns !
So far this year almost $600bn has been deployed in deals—ten times the level of a decade ago.
Google, Facebook, Canva, Afterpay , Atlassian , Aconnex, Zip, Nexttech, MyRecruitmentPlus , GO1, Redbubble , Amazon , Apple , Betway and Bitcoin and so many others are w few unicorns that come to mind
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