Peter Rip, an early stage VC at Leapfrog Ventures, is preparing a series of posts on VC 2.0. How do I know that? Because he has posted a preamble outlining the characteristics of VC 1.0.
Here’s the basic thesis behind Peter’s coming set of posts:
The thesis of these essays is that the venture cycle has fundamentally
changed for Information Technology and that formulae that worked over
the past 20-30 years no longer broadly apply.
I actually think that’s pretty well understood these days in the VC business but it will be interesting to see what Peter thinks the new formula is or even if there is one.