Venture capital firms are in the business of funding promising entrepreneurs. The conventional wisdom, which some say has fallen by the wayside as older firms have matured, is that returns are better when VC firms are entrepreneurial -- nimble, forward-looking, well connected and armed with an appetite for risk.A new crop of investors -- dubbed "super angels" -- are trying to bring that model back into vogue, making deals that now giant firms like Kleiner Perkins Caufield & Byers and Sequoia Capital might have done in their younger days.
Filling a funding gap between so-called "angel" investors and VC firms, super angels combine the traits of both, while also putting a timely, web-savvy stamp on the process of starting and building companies. Super angels are often former entrepreneurs themselves; several came out of companies like Google and Paypal. They are exceedingly well connected among techies, conventional angels, larger VCs and most of all, each other.
To read the full, original article click on this link: VC 'Super Angels': Filling a Funding Gap or Killing 'The Next Google'? - Knowledge@Wharton
