Where's the beef? Can venture capital save California?

How many times have you heard something like the following in response to the state's job decline and overall economic implosion?

"But California is the venture capital of the country."
"But we have so much cleantech investment, we're going to lead the country."

Venture capitol is good.  Cleantech venture capitol is good.  High wage job creation is IMPERATIVE.  Do the first two equal the latter?  See for yourself.

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