Is the venture capital industry doomed?
No. Venture capital invested in the U.S. is increasing and VCs are a critical part of the startup ecosystem—I’m grateful they exist. The rate of innovation is increasing and that innovation needs capital to get in customer’s hands. Capital invested in startups is going to increase, not decrease. It’s wonderful that you can start a web-based software company with little capital. But after that early stage, even these companies need significant capital to reach their customers and beat their competition. VC is not doomed but it is changing: see Y Combinator, Idealab, Hit Forge, Squid Labs, and others. Q: Do investors hate Venture Hacks? No. Smart investors like educated entrepreneurs. But that doesn’t mean they agree with our advice. Q: Who’s the best VC in the world? A limited partner can tell you who was the best VC in the world with fund performance data from institutions like Cambridge Associates. He can also tell you that past performance may not predict future performance in ventur
