Important post by Joe Bartlett on VC Experts last week: Joe's take on the future of both angel investing and venture capital fund formation.
It will be, Joe says, aggregation of capital by funds formed online, which permit investors to cherry pick what deals they want to participate in (indirectly, through an investment-specific fund).
The no-action letters secured recently by FundersClub and AngelList validate (most) of the necessary legal framework, but Joe sees the successful funds of the future as perhaps being more niche specific - "each Super Platform will aggregate investment opportunities by specific categories … e.g., medical devices; robotics; solar power; wind power; bio-pharma; clean tech; spin outs from a specific academic center's lab ...."
