The future of angel investing and venture capital fund formation

Important post by Joe Bartlett on VC Experts this morning: Joe's take on the future of both angel investing and venture capital fund formation.

2336664183_a85c824b59_zIt will be, Joe says, aggregation of capital by funds formed online, which permit investors to cherry pick what deals they want to participate in (indirectly, through an investment-specific fund).

The no-action letters secured recently by FundersClub and AngelList validate (most) of the necessary legal framework, but Joe sees the successful funds of the future as perhaps being more niche specific - "each Super Platform will aggregate investment opportunities by specific categories … e.g., medical devices; robotics; solar power; wind power; bio-pharma; clean tech; spin outs from a specific academic center's lab . . . ."

I love seeing how Joe puts all the pieces together.

What I like most about this post, though, is this paragraph of quintessential Bartlett prose about the age in which we live (diction note: "gazelle" is a Bartlett term for an emerging growth company):

"There is a high level of agreement among scientists and techies with the proposition that the next few decades (and, of course, beyond) will experience a worldwide (and principally in the U.S.) explosion of inventions and discoveries capable of giving birth to a multitude of promising Gazelles. The curve is accelerating upwards, approaching a 90 degree angle. The advances in communications, information technology, manufacturing, robotics, alternative energy, biotech, nanotechnology, agribusiness, mental health, transportation, etc. are multiplying geometrically, as theorists, physical scientists, mathematicians and technicians continue to expand the envelope to realms which once were the province of science fiction writers. You needn't go to the limits (or, better, the lack thereof) to which Ray Kurzweil's Singularity University is pushing the boundaries to accept the premise of the science and tech expansion, continuing a curve which has been building since the Enlightenment."

We ain't so special. Tomorrow is.

Photo: Swamibu / Flickr.


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