Venture Capital is Gated Capital

Jeff Epstein, Bessemer Venture Partners
In conversation with: Ravi Belani, Stanford University

Bessemer Venture Partners operating partner Jeff Epstein explains the venture capital funding model as a kind of natural selection process. Funding gives companies a chance to prove themselves, but if they can’t prove themselves within a year or two, they are quickly weeded out. The winners, meanwhile, make it through the next gate and are given a chance to prove themselves on a larger scale.