VK, You have done an excellent job of explaining venture capitalism. It's focus is on the creation of value not destruction. People have confused crooks and con men such as Bernie Madoff with venture capitalists. This has been promoted by our 'sound bite' news coverage and movies such as 'Barbarians at the Gate'.

Perry, Gingrich, Palin etc. have deliberately confused the issue for their own benefit. This is not only disingenuous but damaging to this nation and its future economic success.