Venture Capital Evolution
The venture capital landscape transformed dramatically from the 1970s onward, fueled by regulatory changes that allowed pension funds to invest in riskier assets. With the relaxation of the prudent man rule, pension managers could allocate a portion of their funds to venture capital, paving the way for significant financial growth. The economic boom of the 1980s, coupled with tax cuts on investment gains, further accelerated this shift, leading to a surge in investment across various markets.In this clip
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Freakonomics Radio
Is Venture Capital the Secret Sauce of the American Economy? | Freakonomics Radio | Episode 482
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