Jeff Bussgang: 'VC evolution' is a mistake!I like Dave McClure wrote the essay 'VC Evolution!.' His view is very sharp, clear analysis of the basic trends VC certain aspects, but I think his vision was narrow point, his point of view is only applicable to those areas of venture capital in Silicon Valley, and the set of his theory in Silicon Valley Venture outside the realm of simply inappropriate, especially the \u0026 ldquo; Giant VC and micro VC \u0026 rdquo; view. Silicon Valley VC unique living environment is actually outside of Silicon Valley venture capital, many large VC investment strategy is not working. Large VC impossible disposable deployed outside of Silicon Valley $ 1 billion investment, this may invest only in Facebook, LinkedIn or Twitter so when Silicon Valley companies. Because of this huge investment in other places, it is difficult to obtain as quickly as Silicon Valley and high returns, this situation may occur only in Silicon Valley. Because only the field of information science and technology will have this huge amount of fast, high-reward venture soil. Micro VC good living environment also limited to Silicon Valley, they rely on personal relationships and vision, quickly find there is potential for development of Silicon Valley companies, Air Jordan 19 helping them to grow rapidly, and then resell to wind throw. I think probably only a place in Silicon Valley technology companies can be just a few years time, the size and Air Jordan 7 Retro growth of the valuation dozens or even thousands of times. Of course, micro VC also became active in the field of venture outside of Silicon Valley, but is feasible remains to be seen. Medium VC may also be alive and well! Usually survive outside of Silicon Valley VC, are small scale, focus on their areas of expertise, long-term investment cycle of venture capital funds. Their size is generally 1.5-3 billion US dollars, such as Union Square (NYC), Foundry (Colorado), Spark (Boston), they get a good return over the past decade both in their own areas of investment focus, and survived in good condition. Outside of Silicon Valley venture capitalists, in fact, these medium-sized VC is alive and well, as other areas of the company not like those in Silicon Valley technology companies \u0026 mdash; \u0026 mdash; as long as the proper mode, the introduction of a small amount of investment after Growth can be crazy, a few years after the find giant VC cooperation can sprint IPO. The company's growth in other areas is slow, they are in the middle of a long development time, still requires a certain amount of investment in order to continue to grow, rather than Silicon Valley companies are either dead or quickly become giant, almost ignored Medium-Term Development stage. So I personally think that only \u0026 ldquo; Giant VC and micro VC \u0026 rdquo; see Nike Hyperdunk VC views in all areas of development is Air Jordan 3 Retro wrong, this view applies only to the Silicon Valley venture capital. No Air Jordan 7 Retro matter what the giant, medium or small VC, Air Jordan 19 VC and investment developments are focused they Nike Shoes are fit. If an investment in the field of business is the kind of fast-growing, medium-term investment in the field of basic need (such as Silicon Valley in the field), then the field of medium-VC naturally no longer necessary, and if the field of enterprise development can take a long time interim final IPO (such as traditional industries), then the field of natural medium-sized VC survival space. viai black horse BY Wei yan