09 Nov Bits of destruction hit the venture capital business
Venture capital (VC) funds like to invest in disruptive change, but what they really love is the stable, change-resistant nature of their own business. That is about to change. “Bits of destruction” spare no one. (The term bits of destruction was coined by Fred Wilson, of Union Square Ventures, a top-tier venture capitalist who has not been afraid to criticize his own industry and who always innovates.)
Risk capital, of which VC is sometimes a part, is critical to innovation, which is critical to healthy economies. Therefore, this does matter to all of us. In this part 1 of a series, we will look at the four big secular waves of change hitting the VC business.
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