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Dealing with the Venture Capital Crisis
![[article image]](/system/assets/0000/1502/092209_CACMpg25_Dealing_with_the_Venture.large.jpg?1253655203&1253655197 "New Zealand dollars")
Credit: Tom Coates
The venture capital industry, like financial services in general, has fallen on hard times. Part of the problem is that large payoffs have become increasingly scarce. But perhaps the biggest future challenge for VC firms will be geography. What really might jump-start the industry is more creative globalization, with an eye toward using some overseas m...
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