VC manifesto from the Founders Fund. "To understand why VC has done so poorly, it helps to approach the future through the lens of VC portfolios during the industry’s heyday, comparing past portfolios to portfolios as they exist today. In the 1960s, venture closely associated with the emerging semiconductor industry (Intel, e.g., was one of the first – and is still one of the greatest – VC investments). In the 1970s, computer hardware and software companies received funding; the 1980s brought the first waves of biotech, mobility, and networking companies; and the 1990s added the Internet in its various guises."
For Army Spc. Brushaun Anderson, there was no escaping his torment. The senior noncommissioned officers who ruled his life at a remote patrol base in Iraq ordered him to wear a plastic trash bag because they said he was “dirty.” They forced him to perform excessive physical exercises in his body armor over and over again. They made him build a sandbag wall that served no military purpose. Anderson seemed to take it all in stride. Until New Year’s Day 2010, when the once-eager 20-year-old soldier locked himself inside a portable toilet, picked up his M4 rifle, aimed the barrel at his forehead and pulled the trigger.
PUBLISHED: June 7, 2011
LENGTH: 16 minutes (4232 words)
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