Curated News - Fred Wilson And The Death Of Venture Capital - Forbes
May 28, 2012
“Wilson, a partner at Union Square Ventures, asked the audience to consider this scenario: if U.S. families devote just 1% of their assets to investing in startups via crowdfunding, that would unleash a torrent of $300 billion annually. “The problems with venture capital now are dwarfed by the potential problems down the line,” he observes. Even with just $40-$50 billion aimed at financing scalable startups (the sum of the sources listed above), VC’s can’t beat the markets. With nearly ten times that amount of capital let loose, the attractiveness of venture capital as an asset class will only deteriorate further .”
