Defining capital as everything but money
Rick Segal’s VC 2.0 part 2 is a very interesting discussion of the upcoming disruption in venture captial. Rick discusses a couple very important changes that will cause a disruption in traditional venture capital:
- The Rolodex
- No Money Down – Start ups
- The New VC Competition – HR
- Paperwork – Costs versus Time
- Beyond the Demo
This is a great meme with similar posts from Dave Weiner , Mark Evans and others. It builds ideas in Tim Oren’s two stage ventures and Paul Graham’s How to Fund a Startup . While it’s not getting any easier to be an entrepreneur and start a successful company, it’s definitely changing.
If you don't need my money, the blogging world is your rolodex, and you could possibly be snapped up before you require capital which allows me to do my VC thing, what do I offer? I believe there is a different model out there that might work for the Web 2.0 type companies.
It’s an interesting question, what do you need from your venture capitalist?