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03 June 2007



Their ads were truly not very inspiring.

Ed Vielmetti

Jim -

Marc Andressen has a post about the current VC environment and how the structural changes in the private equity and institutional investment world have created an "asset class" of venture capital, thus guaranteeing independent of this year's returns that there will be money plowed into risky and novel ideas (good, bad, or indifferent ideas, with good, bad, or indifferent execution).


"And that's why, from where I sit in Silicon Valley, there are probably 200 venture capital firms within 20 miles with likely over $20 billion of capital at their disposal chasing a very small number of good potential investments, despite terrible average returns for the asset class over the last seven years.

I love this country."

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