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JUN 24, 2013 - PandoDaily

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Bill Draper: Why venture returns have fallen dramatically and will likely stay that way

Naval Ravikant of AngelList has famously said that there’s no such thing as proprietary deal flow anymore, an idea that terrifies many venture investors who’ve gotten used to all the good entrepreneurs coming to them. The concept is less scary for Bill Draper, one of the earliest venture capitalists to set up shop in Silicon Valley. He remembers...    

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