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When this didn't happen, various explanations were ventured.
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Explanations are ventured for these various findings, with particular reference to the absence of discernible panel effects.
Two explanations were offered.
One possible explanation is that venture capitalists had much better investment opportunities available to them in the 1990s, as the technology revolution gathered speed, whereas buy-out funds were badly hit by the collapse of the junk-bond market in the late 1980s and the recession of the early 1990s.Location may also have played a part.
These causal explanations are just that: explanations.
These explanations are wrong.
"Explanations are useless".
Deeper explanations are offered.
Explanations are in order.
These explanations are laughable.
Forbes: What is venture capital?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com