Are Hedge Funds out of Control?

If you go to Amazon.com and search for books about venture capital, you get 14,114 responses, which includes many text books. Andrew Metrick, a professor of finance at Wharton, has just written a new book on the subject -- titled, Venture Capital and the Finance of Innovation. Unlike the thousands of other books on the subject, though, this book offers a different approach, especially in areas such as valuing startup companies and IPOs, by bridging the gap between finance fundamentals and venture capital practice. Knowledge@Wharton spoke to him about his new book and also about hedge funds, which are in the news almost every day.

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