Venture capitalists are clueless – the likes of Klarna and Uber prove it - The Telegraph

As values crash, it's becoming clear that many VC firms simply got lucky once and have coasted ever since

And yet, there is another, more alarming explanation for all the deals that are turning sour. The VC industry doesnt actually have the faintest clue what it is doing. A paper this month from Chicago… [+2380 chars]

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