Originally posted in the Baltimore Business Journal on February 1, 2019
Venture capital (VC) is one of the best-known alternative investment classes. Whether we are ordering an Uber, staying in an Airbnb, riding a Peloton bike, or eating an Impossible Burger, venture-backed companies are part of our everyday life. But, for every unicorn (venture terminology for a company valued at more than $1 billion), there are scores of companies that we never hear about due to the high rate of start-up failures.