Venture capital is necessarily a long-term investment. Consequently, since the mid-1960s, almost all venture capital was raised through private partnerships with a decade or longer life. To manage these investments, complicated contracts arose between venture capitalists and limited partners. These contracts provide for representation of the complex task of improving and managing venture capital funds. "Hide
Josh Lerner on 11 pages. Publication Date: January 14, 1994. Prod. #: 294084-PDF-ENG