Buzzwords like crowdfunding, disruptive technology, angel investing, and the latest funding category to enter: entrepreneurial investing; have all aided in the attraction to the hotbed topic of venture capitalism. It would appear to the keen observer that private equity – a relative of venture capital – has spurred new attention. Perform any casual browser search and what will show up are descriptions such as “cool” and “sexy” to characterize what being in the VC industry must be like; as though it were a handsome and suave cadet and private equity was Cyrano de Bergerac.
With so much press in general about venture capital and, thusly, those who run them, such as Ben Horowitz and Marc Andreessen of Andreessen Horowitz, Reid Hoffman of Greylock Partners, serial entrepreneur Max Levchin, and long-time investor John Doerr of Kleiner Perkins, that I have decided to form my own take on the matter. But rather than spending most of the time on various individuals, I will instead do a broader view of the industry and where I see it going moving forward. (more…)