The problem with the VC model is that they look for a large liquidity event in the short term, and so push companies aggressively to reach this goal. With the number of IPOs so low these days, these liquidity events are much more infrequent than they used to be, yet the VC model remains the same. It angers me that nobody is doing anything to innovate in this space, as funding is hands down the most limiting factor for a new venture's growth. I found this slideshare presentation which includes some of the freshest thinking I've seen on the subject. Any thoughts? http://cli.gs/g3BA9v