Venture Capitalism

Venture Capital Class Warfare: ‘The Rich Are Getting Richer’

Marc Andreessen (via Joi)

The current wave of IPOs that investors hope will extend from LinkedIn through Groupon and onto Facebook is making some venture capitalists very, very wealthy. But the bonkers bubble money isn’t exactly getting spread around. Bloomberg reports that the success of firms like Sequoia, Greylock, Accel, and Andreessen Horowitz, all of whom have equity in the most valuable start-ups, is driving a massive wedge between “the venture-capital industry‚Äôs haves and have-nots.” Read More