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The idea of small, capital-efficient venture funds is resonating so strongly among technology investors that it has spawned a support group.

Operating largely under the radar, about 30 small, up-and-coming venture firms have been meeting annually for the last four years to discuss matters of mutual concern.

The latest of these invitation-only events was last week in New York. The conference was called VC2.0, which pretty much sums up how members think their philosophy relates to venture investing, at least on the technology side.

WSJ: Small Is Beautiful For VC2.0 Firms