Have you ever wondered about the evolution of venture capital and what the future holds for this sector? If so, you're in for a treat. In our latest episode of the 10X Capital Podcast, we had an enlightening conversation with Venus Phillips, who shared her insights on the changing landscape of venture capital.
She mentioned how the scene has been shifting since 2010, with more single GPs starting smaller funds. This shift coincided with the advent of Amazon Web Services, which dramatically reduced the cost of starting a business. In fact, according to Venus, the cost of starting a new software business was reduced by 90% by 2012.
This led to the emergence of micro VCs. Venture capitalists could now start smaller funds targeting software entrepreneurs, creating a new dynamic in the industry. Venus and her team met with more than 50 GPs to identify a handful of partners for their own micro VC strategy, hoping to identify the next premier VCs.
This shift towards micro VCs is a fascinating development, and it's worth considering whether this could be the future of venture capital. If the cost of starting a business continues to decrease, will we see more micro VCs? And what does this mean for entrepreneurs and investors alike?
If you want to delve deeper into the world of venture capital, tune in to our latest episode of the 10X Capital Podcast. You won't want to miss it!
