How will the venture capital model or approach likely change in the next twenty years? originally appeared on Quora - the place to gain and share knowledge, empowering people to learn from others and better understand the world.
Answer by Russell Siegelman, former Microsoft and KPCB, currently GSB professor and angel investor, on Quora.
The venture capital industry has changed quite a bit since I entered about twenty years ago. In my comments below I will use “VC” or “VC industry” to refer to the larger firms who have traditionally done Series A-C rounds, and not the relatively new “micro-VC” funds that raise smaller funds and chiefly do pre-seed, seed, and occasional follow on rounds.
