Reading @jason: “The End of venture capital–sort of” http://jc.is/16zKwtb
From Jason: Who will this affect?
The bottom half of VCs – the ones who don’t really provide a lot of extra value – are going to find themselves never meeting with the best deals (they already have a hard time).
The bottom half of VCs have already been at risk due to their anemic returns, so I predict this is the nail in the coffin. They’re fracked.
Now, it won’t impact Sequoia Capital (VC Firm), Benchmark, Accel Partners or other top-tier firms; they provide massive value.
more at http://jc.is/16zKwtb