Consider this: Venture capital funding is often responsible for taking startups from the napkin sketch and slide deck stage to products and services that disrupt their respective industries and deliver handsome returns. Yet according to the National Venture Capital Association, out of every 100 business plans pitched to VCs by entrepreneurs, only about 10 will get a second look, and only one of those will score funding.
To make things tougher on founders, total venture capital investments for the first three quarters of 2012 were $20 billion into 2,661 deals. A MoneyTree report by PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters estimates that this year will fall behind 2011’s total of $29 billion investments in 3,906 deals.
To read the full, original article click on this link: Kleiner Perkins On The Keys To Unlocking Venture Capital | Fast Company
