The Venture Industry Five Years On? Entrepreneurs May Be Running It

There is a current trend for successful entrepreneurs to become venture capitalists rather than purchase yachts or open up vineyards – and these entrepreneurs are taking over the venture industry.

One possible explanation is that the industries that VCs are funding have changed and so, accordingly, have the investors.

15 years ago there was a lot more hard technology being developed, and these ventures were a lot more capital intensive as apposed to the current market, driven by software and social networks, which often do not require as much investment to hit critical mass.

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