Raanan: The venture capital asset class does not work as a whole
Gili Raanan · Why Margins Don't Matter for Early-Stage Startups | Gili Raanan · 20VC with Harry Stebbings · Mar 28, 2026 · at 2:02
Gili Raanan, founder of cybersecurity VC firm Cyberstarts, discusses whether traditional venture capital functions as an asset class amidst sky-high startup valuations.
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“The venture business as a whole doesn't work. It doesn't work. It shouldn't work. And returns distribution are not divided equally between players.”
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