The Future of Venture Capital, Tech Valuations, Fate of Tech Incumbents

The Future of Venture Capital, Tech Valuations and the Fate of Tech Incumbents - Conversation with Bill Janeway: " . . . the core lesson that I learned and teach at Cambridge and Princeton has been that the sole hedge against the inescapable uncertainty of financing startups is cash and control. Unequivocal access to enough cash to buy the time necessary to find out what is going on, meaning what has gone wrong, and enough control to change the parameters of the problem.  Now, in the world of venture capital that typically begins by firing a CEO, but it can involve re-purposing the venture. . . ." (read more at link above)

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