“This made venture capital a good match for companies in which there was a medium-sized upfront investment with unpredictable but potentially very large returns. For predictable but small capital investments (a barber shop), for predictable but large capital investments (a bridge), and for unpredictable but large capital investments(the internet itself) venture capital was not the right financing mechanism.” — Sam Gerstenzang,
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“This made venture capital a good match for companies in which there was a medium-sized upfront investment with unpredictable but potentially very large returns. For predictable but small capital investments (a barber shop), for predictable but large capital investments (a bridge), and for unpredictable but large capital investments(the internet itself) venture capital was not the right financing mechanism.” — Sam Gerstenzang,