Venture capital funds are basically like mutual funds for startups… And they’ve become one of the hottest and most exclusive investments on the planet. Many top funds boast returns that trounce the market, and even outperform Warren Buffett.
Ever since 1956, when Shockley Transistor Corporation set up shop in Mountain View, California, Silicon Valley has been the epicenter of early-stage tech startups… And in turn, the epicenter for ultra-profitable tech startup investments. Thousands of companies have launched in this tiny corner of the U.S.
Editor's Note: Matt is traveling this week. So today, we’ll be re-publishing a popular story from our archives — a story that gets to the heart of why startup investing is so exciting.