VC will be either dead or much reduced in ten years.
30 years ago many VCs said the same thing about the internet....
RE: In Blockchain, There Is No Competition!!!!
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In Blockchain, There Is No Competition!!!!
VCs suffer the delusion that they are innovators. What they really are are managers of risk . They operate far enough away from the edges of true innovation that they can safely create portfolios of companies with a high degree of certainty of overall profits. The actual level of innovation is irrelevant. And to them, innovation means a new business model. Processes that generate revenue and profits. While there is nothing inherently bad about this, it is not the same as inventing new ideas.
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