Venture capital …what has changed…… an important need-to-know for all entrepreneurs and small business owners….funding
Excerpt……….Over the years, venture capitalists have been some of the most ardent students of disruptive innovation. Large pools of capital have been funding risky ventures since antiquity (for example, when the wealthy Marcus Crassus backed an upstart Roman general named Julius Caesar). The industry was born in its current form, however, when the first venture capital firms were founded in the middle of the twentieth century. In a relatively short time, venture-backed companies have grown to account for over 20% of US GDP today. The best VCs have successfully identified major industry disruptions before they occur. Nevertheless, recent attention garnered by start-up accelerators, micro-VCs, and angel investors has led to a new debate: is there a wave of disruption in venture investing itself?
Read full article……..via The Disruption of Venture Capital – Eugene Chung and Maxwell Wessel – Harvard Business Review.
