Venture capital is the exception, not the norm, as a funding source for startups. More VC-backed new companies fail than succeed, and since 1999 VC funds have barely broken even.
Those are just some of the myth-busting facts revealed by Diane Mulcahy, director of private equity at the Kauffman Foundation and a former VC herself, in the May issue of the Harvard Business Review that focuses on entrepreneurship.
"For someone who's starting (or thinking of starting) a company, the myths surrounding venture capital can be powerful," Mulcahy writes. "In this article I will challenge some common ones in order to help company founders develop a more realistic sense of the industry and what it offers."
To read the full, original article click on this link: Six Myths About Venture Capital Offer Dose of Reality to Startups in Harvard Business Review article
