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Presentation from Startup Conference 2012 a few weeks ago: Lean startup, Lean VC

This is an interesting presentation by Dave McLure from the recent Startup Conference in Silicon Valley a few weeks ago. An accelerated model for early-stage venture capital: do hundreds of $50-$100K deals and then fail most of them fast. Apparently it works. (Thanks to @benbodley at @teknique for the link).

[Question is: does this approach ever yield anything more significant than a smartphone app that makes it slightly quicker to find a plumber…?]