Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at what a pivot really means for a startup.

Quote of the Day

"I feel like over the past three years, the venture environment had bifurcated into this world of “haves” and “have nots” where there are some companies that have struggled to raise money and some companies that have been able to raise gobs of money."

(Patricia Nakache, a general partner at Trinity Ventures)

Chart of the Day

The horse race between VC and PE fund returns is surprisingly close.