If it feels like everyone is suddenly talking about venture capital, don't worry, you're not alone.
"I'm always surprised, I go to parties and people introduce themselves as a venture capitalist," says Michael Panaccio, principal at Melbourne based Starfish Ventures, one of the older VC firms in Australia
"Let's say you are a wealthy person who has $20 million to $30 million in net assets, and they are happy to have their son or daughter set up a fund and invest $2 million in a number of start-ups. They would go around town saying they are a VC."
