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Venture capital on fire

WABACWABAC
in Other Investing
So many interesting nuggets at this story, which is not behind a paywall.

My favorite:
From 2012 to 2022, investment in private U.S. startups ballooned eightfold to $344 billion. The flood of money was driven by low interest rates and successes in social media and mobile apps, propelling venture capital from a cottage financial industry that operated largely on one road in a Silicon Valley town to a formidable global asset class akin to hedge funds or private equity.

During that period, venture capital investing became trendy — even 7-Eleven and “Sesame Street” launched venture funds — and the number of private “unicorn” companies worth $1 billion or more exploded from a few dozen to more than 1,000.
Lots of dreary nuggets too. But nothing about the folks that gave that cash away suffering any pain themselves.
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