The National Venture Capital Association yesterday released its latest “Venture Impact” study (conducted by Global Insight), which claims that VC-backed company contribute 16.6% of U.S. GDP and 9% of the workforce.
It’s also worth pointing to a brief critique of the study by Paul Kedrosky, who suggests that much of this success is borne of VC artifacts like FedEx and Staples, which would probably have a very difficult time getting funded in today’s VC environment.
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