Regular readers know I am a total geek when it comes to the ins and outs of the venture capital business. So while we spent the bulk of our time with John Doerr talking about iconic founders he’s worked with, I wanted to make sure we spent at least a little time talking about his industry.
After all, the Internet has changed venture capital as much as it’s disrupted the music industry, newspapers and everything else. Thanks to the rise of open source, commodity hardware, blogs, incubators, institutional seed funds, AngelList, and the overall dramatically lowered cost and time to starting a company, the venture business has been transformed in recent years. Even dominant firms like Kleiner Perkins and dominant investors like John Doerr have had to adapt with it.
