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The figures gel with a report issued earlier this week by the Venture-One Corporation, a market research firm that measures a less broad universe of venture investors.
Sand Hill claims that this is essentially the universe of venture capital.
He is taking me through his entire universe of venture capital experiments and organizations, showing me the interconnections between all of these projects as he works on recapturing the future for Boston.
Cambridge Associates, an advisor to institutions that invest in venture capital, says that only about 20 firms – or about 3percentt of the universe of venture capital firms – generate 95percentt of the industry's returns, and the composition of the top 3percentt doesn't change very much over time.
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The universe of venture-backed tech startups was much smaller when I ran technology investment banking at Montgomery Securities in the 1990s.
Overall, at least 24 companies have joined the unicorn club in the first five months of the year, according to the Crunchbase Unicorn Leaderboard, which tracks the universe of private, venture-backed companies valued at $1 billion or more.
"We've heard from a number of founders," Mr. Garnett said, "who told us, 'Gosh, we sold our business four years ago, and now our baby has been all screwed up and we want it back".' The new fund, called Garnett & Helfrich Capital, is expected to occupy a long-needed niche within the technology universe's constellation of venture partnerships and private equity groups.
It's not surprising, therefore, that women aren't just at a disadvantage in the universe of bank lending, but in the venture capital universe, where less than 7% of all venture capital funds are allocated to companies founded by women.
One of the greatest icons of Brazilian culture, singer and composer Gilberto Gil, has decided to venture into the digital universe of the mobile internet by releasing a free iPhone/iPad app.
India has a shortage of venture capital.
Michael Milken, his brother Lowell and Oracle's Larry Ellison run Knowledge Universe, a venture hatchery for educational and training companies.
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