Fee-reporting issues aside, commitment numbers seem to indicate that U.S. public pensions have maintained confidence in private equity and venture capital. According to PitchBook data, U.S. public pension funds made 936 commitments to PE and VC funds in 2014 for a total value of $61.3 billion—a 26% increase in number and 47% increase in value from commitments two years earlier. Our 2015 data so far** shows that commitments to PE and VC remain at an elevated level, with 769 commitments for a total value of almost $58 billion.
Lost in the lore is Mr. Grove’s critique of Silicon Valley in an essay he wrote in 2010 in Bloomberg Businessweek. According to Mr. Grove, Silicon Valley was squandering its competitive edge in innovation by failing to propel strong job growth in the United States.
Every day, global securities markets provide researchers with billions of data points for understanding how people make choices when resources are at stake and the outcome is unknown.
Hear the one about the unemployed middle-aged guy who tripped and fell into the new economy? An exclusive sneak peek at the book “Disrupted.”
Venture Capitalists post some pretty crazy thoughts on Twitter.