That’s what Josh Kopelman thought when he was contemplating turning his angel investment hobby into an actual firm. And, having built four successful companies prior, he approached it the way a founder would approach a startup, rather than a managing partners approach to building a firm.
“If you look at the venture business, for an industry that funds innovation – it really doesn’t have that much,” he said at PandoMonthly New York tonight. “There are many firms where I’d say their single greatest innovation over the last 20 years was raising carried interest from 20 percent to 30 percent.”
To read the original article: Why is venture capital, the industry that funds innovation, so very un-innovative?
