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Are You a Venture Capitalist?
Education and housing are two areas that venture capital hasn't touched as much as, say, health care. Education is one of these things that i think coming out of coveand people really realize that we are still rating on a nineteenth century model. The counter argument to investing in the physical world is that it's not pure soffware. Sometimes it's a lot easier to innovate in the virtual world than the physical. These companies are just harder to build. As we like to say, like these companies go deeper down the j curve, they often don't look that good at series.