In “WE HAVE MET THE ENEMY… AND HE IS US” , Lessons from Twenty Years of the Kauffman Foundation’s Investments in Venture Capital Funds and The Triumph of Hope over experience no detail is spared in a direct, unflinching look at how a $2BN, entrepreneurial foundation under performed the S&P 500 through group think and the willingness to be lead.
A long read, and somewhat technical, but truly worth the time. It makes a lot of what we’re seeing make sense.
Dispatches From The Front 