At last night’s first ever Venture Shift in New York, the topic of angels vs. VCs was a recurring theme. In the third panel of the night, moderated by BullPen’s Richard Melmon, several VCs took the stage to discuss the VC industry and whether it’s been forced to pivot (if we were playing the VatorSplash drinking game, you’d be taking a drink right now) by the rise of the angels. James Robinson (RRE), Howard Morgan (First Round Capital), Gil Beyda (Genacast), Tony Florence (NEA), and Bobby Ocampo (Grotech), all weighed in on the issue.
Howard: “We saw that the venture model was broken as it affected Internet companies. The classic venture model was not the only model. Some of the older, more established firms have realized if they want to get established with some of these new rising
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