I wrote a guest post for Forbes that ran this morning called Why Entrepreneurs Don’t Need VCs. In it I talk a little about how the economics of launching an internet business today has the potential to make venture capital irrelevant for internet entrepreneurs, unless we fundamentally rethink our role in the venture industry. I also outline some thoughts on how our roles need to evolve to stay pertinent.
The bottom line is entrepreneurs have a lot more options today on how they choose to build their business than ever before. Would love to hear your thoughts on how you think these dynamics will play out for entrepreneurs and investors alike, and welcome any experiences that you’re willing to share about your choices with regards to taking on (or ignoring) institutional capital.