VCs are Dead--Maybe Not So MuchHeather Green
With all the speculation about how the VC model is broken, it's fascinating to see how Charles River Ventures is responding to the changing environment of cheaper smaller, more nimble startups. Through Quickstart, Charles River Venture will offer small loans of up to $250,000 for startups that can be converted in an equity stake when a company raises its Series A round. This is another example, (take a look at how Fred Wilson describes how business at Union Square Ventures ) of how industries can evolve, rather than disappear. And how the smart companies are the ones who try to innovate. Ok, so sometimes the innovastion is misguided, but making the attempt is half the battle.
I thought this would be a great opportunity to include George Zachary of CRV in the VC series I have been doing for the podcast, so let me know if you have any questions.