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Venture Capital's Astounding influence1411

Forum Owner Belew private msg quote post Address this user
Fascinating numbers on the reach and influence of Venture Capitalists and the companies they back:

"Venture-backed companies create 11 % of all private sector jobs . They generate annual revenues equivalent to an astounding 21% of GDP. Indeed, the dozen largest tech companies were all venture-backed. Together those 12 companies are worth more than $ 2 trillion, more than all other tech companies combined.
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Teacher SusanDay private msg quote post Address this user
What is the definition of venture capital?
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Forum Owner Belew private msg quote post Address this user
Some rich dude says, "I venture that I can give you some capital to start your business."
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Teacher SusanDay private msg quote post Address this user
Thanks 😆
Is it a more popular practice with tech companies?
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Forum Owner Belew private msg quote post Address this user
@SusanDay

It's mostly popular with people who think they can make a LOT of money off of someone quickly = tech companies promise big returns more quickly than other kinds of startups ... usually.
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28670 5 5
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