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Also worth noting CalPERS has been slashing its VC allocations.
by fredfoobar42 12y ago
Also worth noting CalPERS has been slashing its VC allocations.
- timr 12y agoFortunately (</sarcasm>) for CalPERS, this late-stage capital isn't considered VC! Many of these late-stage, insane-valuation rounds are euphemistically called "growth capital", and it's being driven by big banks and hedge funds, not VC firms. The Money always finds a way.