id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
blog-dshr-org-9202		DSHR's Blog: Venture Capital Isn't Working			.html	text/html	6528	556	70	Despite all the attention and investment that Silicon Valley's recent start-ups have received, they have done little but lose money: Uber, Lyft, WeWork, Pinterest, and Snapchat have consistently failed to turn profits, with Uber's cumulative losses exceeding $25 billion. There was a time when venture capital generated big returns for investors, employees, and customers alike, both because more start-ups were profitable at an earlier stage and because some start-ups achieved high market capitalization relatively quickly. Just like the founders and VCs of Sun, when we started Nvidia we knew that the route to an IPO and major return on investment involved years and several generations of product. In retrospect, it would have been better if start-ups had taken more time to find good, high-tech business opportunities, had worked with regulators to define appropriate behavior, and had experimented with various technologies, designs, and markets, making a profit along the way.	./cache/blog-dshr-org-9202.html	./txt/blog-dshr-org-9202.txt