[brudgers]

To me, this sounds like ordinary investing based on typical cash on cash returns (e.g. dividends). This is most investment and often local — the sort of thing a town’s entrepreneurs put up money for — or a place for institutional investors (e.g, insurance companies placing reserves).

Venture capital is not that. It seeks returns from increases in the value of equity. The strategy is that all revenue stays in the company and the company uses that money for growth.

That’s why there is not a lot of VC investment relative to investing by doctors and bankers anywhere and particularly in Europe where a larger percentage of capital exists as family/hereditary wealth and consequently is managed more for wealth preservation rather than home runs.