Trish Costello

Entrepreneurial Thinking Shifts the World

Fred Wilson: Venture capital as we know it will cease to exist

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See on Scoop.itPortfolia

Over a year ago, Union Square Ventures partner Fred Wilson said something that sounded a bit odd: He didn’t believe the venture capitalist business was sustainable in its current iteration. At the …

Trish Costello‘s insight:

Listen to Fred Wilson’s take on the disruption of the VC industry that will come about by individuals combining their money to fund start-ups.  Portfolia, launching in August, is just such a micro-investment platform.  It lets consumers become shareholders as they back teams and products they believe in –then engage their networks to make them successful.   Companies gain both money and markets as their backers focus their social networks and combined buying power to capture the markets.  We know how to do this!

 

See on pandodaily.com

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