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The Changing Structure of the VC Industry

Both Sides of the Table

We all have one-click purchase power (Apple, Google, Amazon, eBay). Always-on connectivity of mobile (164m US smartphone users). We’re all socially connected (so great businesses spread faster). The VC market has right-sized (returned back to mid 90′s levels & less competition). The iPhone was released.

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It’s Morning in Venture Capital

Both Sides of the Table

Cloud computing and the open source movements have brought down the costs of starting a company by more than 90%. LP contributions to VC firms shrunk from 2000 and by 2005-2008 had stabilized to around $30 billion per year. According to Google data 30% of all restaurant searches now come via mobile devices.