New York venture capitalist Fred Wilson recently pointed out that the VC industry is at risk of being marginalized by the emerging crowdfunding industry. I agree that the provision of capital for entrepreneurs is about to change in a big way, but my sense is that the change is not going to hurt VCs.

Venture capital has always been geographically concentrated, resulting in the emergence of a few hubs of VC and entrepreneurial activity and support services — Silicon Valley being the best example.

But the majority of US entrepreneurs have not been able to benefit from the venture capital industry because they live in the wrong parts of the US. This wasn’t an issue in the early days, when VC was novel. But over time, this geographic concentration has become a limitation.

To read the full, original article click on this link: Venture capital as we know it is history | VentureBeat