Crossword-Solution: VC 2 letters, 3 clues 🏆 scrabble score: 7

Each year about 600,000 start-ups are launched. Less than 0.5 percent attract VC. Of Inc. magazine's annual list of the 500 fastest growing companies in the United States assessed over a decade (1997 — 2007), less than 20 percent of companies were venture backed” -“62.4 percent of VC investments were completely lost while 3.1 percent of the investments accounted for 53 percent of the profits for roughly 600 investments

Many entrepreneurs have shifted their focus to pursuing VC funding as a primary strategic priority instead of concentrating on generating value for their users. This is worrisome because raising capital alone is misleading as a benchmark for success.

There needs to be more deliberate effort on the part of folks at VC firms to bring in a more diverse team of talent. You have to make a more concerted effort to bring in people who are different and who may not be in your network.