Discussions about whether or not the VC model is broken have been ongoing for some time, although arguably what constitutes "broken" might different for investors and for entrepreneurs. Late last year, Steven Kaplan of University of Chicago professor and Josh Lerner of Harvard Business School published a study claiming "It Ain't Broke." But others in the investment and tech communities continue to argue otherwise. In a video interview with GigaOm last month, entrepreneur/investor Chris Dixon, for example, makes a strong case for a shakeup in the way in which traditional VC funding works.
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