Burnham’s Beat has a fascinating post about the changing world of Venture Capital investing. Shorter version, there used to be a handful of firms that did venture investing, so they could afford to wait for entrepreneurs to find them. Now there are many venture firms competing for deals, so to win the best ones you can no longer wait for startups to find you. More firms are specializing in certain areas and actively looking for startups that fit their investment outlook.
I would be real interested in hearing from the entrepreneur’s side of this.