2010 study from the Kauffman Foundation found that young startups, most venture backed, were responsible for almost all of the twenty-five million net jobs created since 1977.

According to a 2015 study by Ilya Strebulaev of Stanford University and Will Gornall of the University of British Columbia, 42 percent of all US company IPOs since 1974 were venture backed. Collectively, those venture-backed companies have invested $115 billion in research and development (R&D), accounting for 85 percent of all R&D spending

a company leaves the venture ecosystem one of three ways: via an initial public offering (IPO), a merger or acquisition, or bankruptcy and a wind down.

Possibly for the first time in history, we’re talent-constrained instead of capital-constrained.

Because we have too few entrepreneurs, we can’t put enough money to work.

Think about this: venture-backed companies now spend 44 percent of the entire R&D budget for American public companies.

the founder’s idea maze: How did she get to the current product idea, incorporating which insights and market data to help inform her opinions?

it requires that you build out a financial forecast for your company, estimating how much cash flow the company will generate in each future year.

Yale has a 16 percent allocation to our good old venture capital category, again way in excess of the 5 percent average among other university endowments.