There’s a lot of anxiety about the future of the middle class in America. There should be in Silicon Valley, too, but in a different sense: It’s getting harder to see much of a future for midrange venture capital firms and midsize tech companies.
As Katie Benner writes, a venture firm called Technology Crossover Ventures just raised a $2.5 billion fund. That is more than 25 percent of the $8.8 billion raised across the industry in the second quarter of this year.
