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Sebastian Mallaby: Venture capital as an engine of courage — #8

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The Impact of Venture Capital on the Economy

I think if you ithink you're intellectually curious, that's got to be a very strong purk of the job to be able to do that. Less than one % of the companies that get started in the united states each year receive venture backing but three quarters of the market cap created by companies in the last 25 years has been from ventur bacht compani. So a tiny input creates an enormous output. I think that's a good measure of the impact of the secto.

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