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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2639 |
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After a much needed change pension funds were allowed to be used, and subsequently accounted for more than half of all the contributions (Gompers). Later there was more change to come and in the late 1980's and early 1990's limited partnerships became the dominant form of the venture capital industry...
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This meant good advertising and mail-order businesses all at cheap prices. The venture capitalists saw the fast rise in valuation of these companies and moved faster and with less caution than usual, choosing to hedge the risk by starting many companies and letting the market decide which would succeed...
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