February 26, 2019

Venture Capital's Access Myth

A myth at its core is a story to explain something complex. Over time, the story is broadly disseminated such that popular consciousness can, at times, accept it as true at face value. At Greenspring Associates, we believe that a pervasive myth exists in the venture capital Limited Partner ecosystem: the notion that venture capital is an “access class.” Said differently, if you polled institutions that allocate to venture capital and asked them to identify the single most important factor in...