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Are VCs incentivized to lose money?

Photo of Alon Y. Kapen
By Alon Y. Kapen on September 24, 2014
Posted in Capital Markets Reform, management fee, VC, venture capital

Are VCs incentivized to lose money?  This is the provocative assertion made recently (and again) by Kaufman Foundation Senior Fellow Diane Mulcahy in the Harvard Business Review.  Some of us who are interested in this issue probably recall the equally incendiary piece she co-authored in 2012 for KF boldly entitled “We Have …

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