The cult of venture capital
ANALYSIS: There’s a lot to like about the growth and potential listing of the Punakaiki Fund, as long as investors keep their feet on the ground.
Blessed are those who have not seen and yet have believed.
There is something cult-like about venture capital. So strong is the belief in its virtues it feels almost cruel to suggest there might be some flaws in there too.
Fortunately there’s usually no harm done and the VC faithful’s response is a patient look of concern for the unenlightened, followed
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