For decades, the venture capital industry was like a Yale Secret Society—very clubby, discrete, and opaque. VCs had all the power in the VC-entrepreneur equation, and entrepreneurs had to work hard to decode the mysterious VC process to obtain funding.
My how the world has changed in a few short years.
Pundits will tell you that in terms of trends, 2009 was the year of the real-time Web/Twitter, smart phones/iPhone and the mainstream emergence of digital advertising. But 2009 was also the year VCs blogging and tweeting really became mainstream.
Original Article: Why Do VCs Blog (and Tweet)? - BusinessWeek
