crowdfunding

The deep irony about the venture business-- a business that lives and dies by innovating/disrupting other industries-- is that it hasn't experienced much change since General Georges Doriot aimed to get veterans back to work after WWII. That's changing now. Crowdfunding and new software platforms are commoditizing the primary activities of a venture fund (sourcing, fundraising, assisting companies). In the first roughly 70 years of the business, firms have set ...