"The venture capital asset class does not scale." -- @fredwilson ...this is the clearest I've heard a VC say it. Where's the bottleneck?
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@vgr I wish it were that simple + would love to discuss; culture, early risk $, leadership, media support and mentors all reqd to activate -
@crashdev seattle has the base but not the liquidity I think... too much locked up in amazon and microsoft, plus adverse selection... - Show replies
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@vgr missing importance of academic institutions, youth mix to create founder density. investment capital density also criticalThanks. Twitter will use this to make your timeline better. UndoUndo
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