Nice post on why VC must change to support a new type of company… by True Ventures, Oleg – thanks for the tip
“….the emergence of extreme capital efficiency from new web infrastructures and evolving software architectures has also been critical to this shift. The bottom line is that the venture industry is out of alignment with the needs of early stage entrepreneurs, and it is early stage entrepreneurs who are vital to pulling the US (and rest of world) out of the current economic situation.”
What would be exciting is to see a bubbling up of more such “extreme capital efficiency from new web ventures”
Our Amadeus Seed Fund has 3 or 4 such ventures all currently in stealth mode, but we’d love to see & do more… they just scale so well.