Is Venture Capital Broken?
(Read Write Web) — When angel investor Chris Sacca announced the launch of his new investment firm Lowercase Capital on Friday, he positioned the news with a lengthy essay – the firm’s “creed” – titled “Venture Capital is Broken.” In it, Sacca observes that ten years ago, it cost over a million dollars for a tech business to launch, with steep hardware, software, office, and Internet costs, not to mention the “lavish parties so print media would write about their pipe dreams.”
SEE ALSO
- Love Or Liability? How Romantic Relationships Really Impact Your Wallet
- That Ozempic Headache Is Real — Here’s How To Beat It
- Why Actress Amber Iman Calls ‘Goddess’ A Love Letter To Black Women In Theater [Exclusive]
- Why Women Get The ‘Ick’ More Than Men — It Might Just Prolong Their Lives
- Simone Biles Accepts The 2025 TIME100 Impact Award For Mental Health Advocacy
![Why Actress Amber Iman Calls 'Goddess' A Love Letter To Black Women In Theater [Exclusive]](https://ionemadamenoire.staging.go.ione.nyc/wp-content/uploads/sites/9/2025/05/17468188616796.png?strip=all&quality=80&w=102&crop=0,0,100,153px)
