The MIT Technology Review recently interviewed Fred Wilson, managing partner at Union Square Ventures, about the future of his industry. The most striking part of the interview?
“I don’t think there’s too much money sitting around. I think there’s too much money in too few hands. So when six white guys in suits control two-and-a-half-billion dollars, that’s not a good thing. Instead of being allocated just to one firm, it would be better if that two-and-a-half-billion dollars was allocated to 25 firms at $100 million each. It would lead to more diversity or people trying more things: data sciences, urban sciences, transportation, energy, materials science, and many others.”
To read the full, original article click on this link: VENTURE CAPITAL REMAINS A CHALLENGE FOR STARTUPS | UTSanDiego.com
