Venture capital firms in era of change as numbers shrink but new firms and professionals emerge to take their place.
Just as some sharks constantly lose teeth but also have a full mouth as new ones emerge to fill the gaps, so the venture capital (VC) industry has been quietly renewing itself since the dot.com bust with a host of people quietly leaving the industry even if consolidation affecting the number of firms has yet to happen.
Mark Heesen, president of the US trade body the National Venture Capital Association (NVCA), said while the number of independent VC firms was…
