VC failure rates should prompt radical overhaul says Consilience Ventures

Retirement savings for the average 22-year old could be increased by as much as 7 to 12 per cent if schemes made a small allocation to venture capital and growth equity funds, suggests a report published by the British Business Bank and Oliver Wyman.

But with such high failure rates amongst start-ups, if this is to happen, says Kevin Monserrat (pictured), founder, Consilience Ventures, it is time for a radical overhaul of the traditional venture capital model. He states that 95 per cent of venture capital-backed start-ups are deemed unprofitable, and the failure rate is 75 per cent.