Is Anyone Not Lining Up at the Feed Trough?
Business • September 2009 • Views: 412
The National Venture Capital Association (NVCA) recently published a new edition of their Economic Impact of Venture Capital Study. Given the timing, I thought the purpose was to undermine calls for regulating the VC industry.
An article by Vivek Wadhwa (What Have VCs Really Done for Innovation?) claims the NVCA exaggerates the role of VCs in creating and driving innovation—to the detriment of entrepreneurs who often risk everything they own. He claims the NVCA is looking for handouts: