Yesterday morning I attended a fascinating session in Palo Alto that points to the future of venture capital in Silicon Valley. Provocatively framed as a “smackdown” between traditional VCs and a new class of Super Angels, it instead highlighted the future rebirth of innovation in Silicon Valley.Venture Capital has been in its own Lost Decade with negative returns since 2000 after three glorious decades during the Era of Moore’s Law. Moore’s Law continues, but innovation has moved higher in the technical stack at the same time as the Politics of Envy have greatly plucked the Golden Goose of American innovation. This last decade brought us horrific laws like Sarbanes-Oxley, which raised the cost of IPOs, and tragic policies such as the demonization of stock options which have been pecking the growth engine to death.
To read the full, original article click on this link: SuperAngel VC Smackdown!
Author: Duncan Davidson
