To venture, or not to venture. The venture capital business is going through one if its periodic Hamlet cycles, which seems to happen historically every decade or so. Since the publication of the Kauffman Foundation report on venture capitallast month—which famously declared that the traditional “investment model is broken”—VC has been taking its share of lumps. The Kauffman report places most of the blame on the fundamental structure of VC today, arguing that incentives are not properly aligned between fund managers and limited partners (i.e., investors in venture funds). Read it here.