"...most often the very skills that propel an organization to succeed in sustaining circumstances systematically bungle the best ideas for disruptive growth. An organization's capabilities become its disabilities when disruption is afoot." – Clayton Christensen, The Innovator's Solution
In November 2005, Paul Graham wrote an essay titled "The Venture Capital Squeeze." It had been over five years since the Nasdaq peaked in March 2000, and it was becoming apparent that VC firms were having trouble deploying the tens of billions of dollars they raised during the boom years. Graham argued that the proliferation of money combined with the decreasing costs to start a business were making the VC job more difficult, prophesying significant changes for the industry. He was right.
To read the full, original article click on this link: The Disruption of Venture Capital - Eugene Chung and Maxwell Wessel - Harvard Business Review
