70% of the VC firms have disappeared over the past 10 years.
The VC market has changed dramatically since the days of the dot com bubble when hordes of newly minted venture capitalists were pouring money into anything online.
Now, the number of practicing VCs has normalized which is keeping valuations in check, says Mark Suster of GRP Partners.
Suster also talks about the mythology of super angels, the fiduciary responsibility of maximizing returns versus investing in a promising idea, and the traits of good early stage investors.
He warns entrepreneurs about the dangerous distractions of the recent shared space/incubator trend. Watch below for Suster’s invaluable insights about filtering hires and potential investment opportunities, as well as why Ron Conway is the S&P 500 index of the tech sector.
