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1/ I was at @ycombinator demo day today, and it made me start thinking about how the internet changed Venture Capital:
2/ Venture Capital used to be about proprietary deal flow. Where you would have asymmetric information that no one else held, and use it to your advantage. In the world of capital consolidation, this worked really well.
3/ Ironically, Venture Capitalists funded the companies that allowed for the rapid evolution and micro-disruption of their business. The internet companies: @Google , @facebook , @Skype , @amazon , @Twitter...
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