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By Disruptor (anonymous) | Posted April 29, 2010 at 15:02:57
Nice analysis Adrian, but there is one way the numbers might not add up. Most startups fail, and people trying to run startups that fail don't have 'jobs' that earn money (or else they wouldn't fail). If the number of people in startups that try but fail is higher than the number of jobs created by the startups that don't fail, the enterprise as a whole can produce a negative number of total jobs. That's why is's so important to get the right people running the VCs. If it comes down to Dave Mitchell deciding which tech startup to fund, then we might as well skip the fund and just set fire to the money.
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