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VCs: Ostrich or Dinosaur?
WatchMojo.com Business & Technology — ... Paul Graham talks about the demise of VCs.  I could copy and paste tidbits, but then I’d end up pasting the whole thing.  There is nothing earth shattering about this article, but it does explain how slowly but surely, on an almost deal-by-deal basis (without naming any, though), VCs are rendering themselves obsolete. ...

The End Of Venture Capital As We Know It?
TechCrunch — ... Startups can be run so cheaply now (with open-source software, cloud computing, and virtual teams spread across the Web) that many more can achieve profitability without any VC cash. Up until recently, they still happily took that cash when it was handed to them. But certain classes of startups, especially Web startups, may now find they don’t even need that money. Y Combinator’s Paul Graham argues: ...

Invest In Innovative Companies; Not Failing Ones
Techdirt — ... getting limited partners to actually meet the capital calls they committed to, there is some worry that the next generation of innovation (which may be necessary to get us out of this economic funk) will be stymied. While folks like Paul Graham are correctly pointing out that many internet startups these days really don't need venture capital to build success stories, that's not true of all startups. There are still innovative startups that will need risk capital to get anywhere, and having more money focused on those early stage, innovative companies with high ...