Shining A Light On Venture Capital
Dr. John Paglia of Pepperdine University is in Silicon Valley today talking up his new project on private capital markets. He's trying to figure out the real cost of capital to businesses, especially mid-market businesses, where data is most scarce. (Paglia also runs a business appraisal practice). He thinks business owners routinely under-estimate the cost of their capital, but in doing his survey, he's turned up some interesting data on investors too. One thing that struck him was how many venture capitalists claim they invest by "gut feel" --
24 September 2009•1 min read
