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Chris Dixon
Chris Dixon 
Personal investor in early-stage technology companies, including Skype (acquired by eBay), Postini (acquired by Google), Flarion (acquired by Qualcomm), Gracenote (acquired by S...

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Old VC firms: get ready to be disrupted

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Posted: Sunday 2 May 2010 - Views (64) - Category: External - View Comments
If the U.S. economy were a company, the VC industry would be the R&D department. The financing for the VC industry comes from so-called LPs (Limited Partners) - mostly university endowments, pension funds, family funds, and funds-of-funds. These LPs wield tremendous power, yet very few of them understand how startups or venture capital actually works. I [...]
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