Venture capital (VC) used to be a great place to put money. But in the last 15 years, it has been a lousy investment. 2013 was the strongest year since 2007 for VC, and there are promising developments ahead for 2014.
The problem with VC is that it is very risky. Typically, only one in 10 portfolio companies is a big winner; about three of them may make back the investment; and the rest go out of business. Only one in 10,000 funded startups end up being worth over $1 billion.
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