Mike Lynch, chief executive of venture capital firm Invoke Capital and former founder and head of software company Autonomy before its controversial $11bn sale to technology corporation Hewlett-Packard, has criticised capital markets for “failing” society.

In a video interview for the Global University Venturing 2013 Summit yesterday, Lynch said that whereas governments had spent much of his life worried about how to boost entrepreneurialism and the creation of early-stage companies now “changes are needed at the other end”.


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