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

Manifold

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Venture Capital Is a Machine for Manufacturing Courage

Venture capital is a machine for manufacturing courage r that there are people who have ideas, but to actually go and take the leap of starting a company. Many start ups do fail. So it takes the venture capitalist to come along and make that risky step easier. And so in this way, venture capitalists risk onterpenership. They d risk the choice of becoming an employee of an ontpenerial company. And thus they manufacture courage.

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