Over a year ago, Union Square Ventures partner Fred Wilson said something that sounded a bit odd: He didn’t believe the venture capitalist business was sustainable in its current iteration.
At the time, it seemed like a reaction to then recent events. The Kaufman Foundation had just issued a report detailing the poor returns that the venture capital business has delivered for well over a decade. In addition, the rise of things like Kickstarter, angel investors, and accelerator programs were coming to the forefront.
To read the original article: Fred Wilson: Venture capital as we know it will cease to exist | PandoDaily
