Martin Kenney provides an "Historical Perspective" on the state of venture capital

Where has the venture capital industry been, and where is it headed? Recently Dr. Martin Kenney (Professor, UC Davis) delivered a fascinating presentation for a SPRIE audience, tracing venture capital from its pre-WWII angel investor beginnings all the way up to the present, which he sees as the most difficult circumstances the industry has ever faced. Dr. Kenney's presentation is available on the SPRIE site and the audio from the event is forthcoming.