An expert who studies venture capital says the WeWork 'smackdown' won't change the way the industry

WeWork's failed IPO isn't going to change the way venture capital funds behave, according to Erik Gordon, a professor at the University of Michigan's Ross School of Business. That's because no matter how dramatically WeWork's valuation falls, VCs will continue chasing the next big thing. Gordon said that investors in venture capital are judged based on backing companies that strike it big, while other types of funds are judged based on the returns they bring in for investors. He advises...