Here is a link to Janaway's slides related to the VC industry.
http://www2.lse.ac.uk/publicEvents/pdf/2012_MT/20121011-Janeway-Slides.pdf
Interesting to look at the return figures. I really like the idea of the three player game meaning that VCs are dancing mainly on the basis of public funded research (for example IT, US Defence Department). Hopefully governments around the world will understand this soon regarding green technologies.
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