There have been quite a few posts written about this meme in the past few weeks.
I think that Paul Kedrosky got the discussion started with this post. Chris Dixon wrote an interesting response. And yesterday John Boyd wrote a thoughtful post on the topic.
John makes a point in his post that I want to second and add to. He says:
While many businesses require a lot less capital to start, they don't require less capital to grow.
To read the full, original article click on this link: Some Thoughts On The Seed Fund Phenomenon
Author: Fred Wilson