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http://venturebeat.com/2008/12/12/todays-economy-a-different-odyssey-than-in-2001/
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VentureBeat: Today’s economy: A different odyssey than in 2001

Don Jones - VentureDeal · 1 year ago

I think the biggest longer-term problem for the venture capital world is the broken IPO market. Most VCs cannot justify their existence from a risk/return standpoint without a functioning IPO market.
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