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Bloomberg - Are you a robot?
There are essentially two business models right now: boring, useful things that can print money and tastemaker brands that can brute force cultural relevancy.
Dumb $ is funding the middle: stuff that is neither useful nor cool enough to make it past current startup headwinds.
Daisy Aliototwitter.com
The venture ecosystem went from cottage industry outsider to institutional insider – from a nascent practice to a consensus component of institutional portfolios. The result has been the industrialization–and bankerization–of venture. Firms that make dozens or even hundreds of investments per year, relentlessly focused on assets under management, u... See more
The second structural problem with the VC industry is that most venture firms are selling a product that is fundamentally an undifferentiated commodity — capital.