Galapicon Valley and the Rise of Black Frankenswan
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The comparison of the 90s to today got me started on a conversation about why the web industry is the one odd-ball tech industry where barriers of entry are abnormally low, cost of tech & services are low etc.
I especially like the idea that this new species of entrepreneurs is feeding a new species of investors. I tend to think, though, that institutional investing will still be popular -- especially in later rounds, as the risk profile of investments trends closer to what big investors are used to.