Why VCs rule the world
I just started reading this interesting book on VCs (“Mastering the VC Game by Bussgang“) and I can’t put it down.
Some tit bits so far:
- The majority of entrepreneurs don’t (that’s right, do not) go the VC route
- The total VC “industry” is less than 7000 people and under a 1000 firms
- The VC industry (actually the top 1000 or so people in these firms) are responsible for the nurturing and growth of companies that account for 20% of the GDP of the US and (indirectly) provide medical care for one in 3 Americans (amazing)
It’s very well written, full of anecdotes and insights. More when I finish.