Aggregator Cloud Distribution Later Stage 
Both Sides of the Table
JUNE 29, 2011
Open cloud led by Amazon with their AWS services drove total operating costs down by 90%. Amazon in turn led to the formation of an earlier stage of venture capital now led by what I call “micro VCs&# who typically invest $250-500k in companies rather than the $5-7 million that VCs used to invest.
pandodaily.com
NOVEMBER 29, 2012
But at a macro level, widespread failure this early is far less painful than if it came at later stages. But the angels who’ve staked their funds on spreading bits of money all over the Valley are increasingly anxious that only 20 percent of their deals — in aggregate — will get the chance to keep going.
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