Will VC funds produce the next Madoff?
Posted by Esme Vos | Posted in Current Events | Posted on 07-01-2009
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Israeli entrepreneur Arnon Kohavi has written an article about the lack of transparency among venture capital funds in Israel, even as some of them press for government help. Venture capital firms do not disclose their rate of return, partner salaries and bonuses — so much secrecy and lack of transparency that is not acceptable anymore today.
Read his post:
The next Madoff might be found in the venture capital industry
Sphere: Related Content
I doubt they'll produce the next Madoff; yet, there needs to be more transparency, I agree.
- Scott from http://scottdig.com
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