I watched a fascinating interview with Venture Capital pioneer Alan Patricof, of Greycroft Partners, on CNBC this morning. He said that very few ventures will go public as an exit strategy. It has just gotten too onerous and expensive. However, there will be many ventures that exit by being acquired.
He went on to talk about the U.S. using foreign aid more wisely by giving money more carefully to developing countries.
You can watch the interview on CNBC.
Investing in the Developing World - CNBC.com
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