History and evolution of venture capital
STARTUPS: How often do you hear of a travel startup which has managed to boot-strap its way to becoming a fixture in the industry? Probably far fewer occasions than the endless coverage of companies that have raised X to do Y. But behind the scenes the investment world has changed massively over the years. Read the full story on PandoDaily.
The dramatic drop in the cost of creating a company over the last decade has had an obvious effect on the venture capital world.
Serious venture investment is not required in the earliest stages of a company’s life, so angel investors have been getting the best seed deals. That spawned “super angels” and their subsequent micro-VC funds, which in turn evolved into crowdfunding platforms like AngelList.
Meanwhile, old school venture firms with their ten-year investment vehicles and mostly mediocre returns are realizing that money is a commodity.
It echoes statements made by Fred Wilson of Union Square Ventures, who predicts that venture capital as we know it won’t be around in ten years.
This is the by-line used for articles curated from elsewhere around the web by our team of reporters.
Articles are found using PublishThis, then annotated and published by Tnooz.