The coming bust in venture cap

According to Forbes (thanks to Trevor Loy for the link)

The venture capital industry is staring at the most vicious shakeout in its history. Returns are pathetic for most funds, the public offering pipeline on which venture depends for its exit strategy is clamped shut, and with the shares of many big publicly traded tech companies swooning, those firms are less likely to buy up promising upstarts.

Rate of return versus risk (probability of success) is a tough ratio to try to fudge.