Recall that today's dominant notion that the only startups worth f(o)unding are cynically-leveraged, hockey stick Internet frivolities is a relatively recent development [1] --blame pmarca et al. for that.
It isn't inconceivable, then, that today there ought to be enough liquidity and appetite for riskier, much less leveraged, longer-term growth modalities, as in the past.
It isn't inconceivable, then, that today there ought to be enough liquidity and appetite for riskier, much less leveraged, longer-term growth modalities, as in the past.
[1] http://www.foundersfund.com/the-future