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ALBUQUERQUE – Among the many high points of the 15th annual Technology Ventures Corporation’s (TVC) New Mexico Capital Equity Symposium was the keynote talk Thursday by Stuart Alsop.
“Venture capitalism is about dreams done by people who are mostly insane,” he said. “Banks operate at about 2-4 percent profit; we’re expected to make ridiculous returns.”
The talk on how to realize at least 30-percent returns annually, and perhaps “life-changing-wealth,” wrapped up another season for one of the main seedbeds of New Mexico’s budding entrepreneurial ecosystem.
Last year, investments for TVC-mentored companies leaped by $218 million, one of the reasons that New Mexico is ranked so high in entrepreneurial growth in the nation.
The first venture capital (VC) companies began in 1946 and they have played a significant role in creating innovations in the U.S. market, now a globalized arena.
According to a recent National Academy of Sciences report, “These pioneering VC firms soon discovered that technology-based innovations most consistently yielded the greatest returns.”
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