Remove Institutional Investors Remove Internet Remove Seed Stage Remove Social Network
article thumbnail

The Changing Structure of the VC Industry

Both Sides of the Table

The rise of “micro VCs” or seed-stage funds. 15 years ago we were at the peak of Internet hype with the launch of many over-capitalized businesses with a market size & opportunity was limited. 50x more Internet users (2.4 ” Stated simply – if you seed funded Uber at $4.5m

article thumbnail

The Next Bubble – Don’t Get Fooled Again

Steve Blank

In the stealth phase , prescient angel investors and Venture Capitalists (VCs) start investing in an industry or market segment that others have not yet found. In the case of this bubble, it was social networks, consumer and mobile applications, and the cloud. It sent a signal that there is an irrational demand for tech IPOs.