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The end or the beginning? Thoughts on the current startup environment
Just as an additional disclosure, these are my thoughts, not that of First Round Capital, my employer. The other day, Adeo Ressi wrote in TechCrunch about how we need more venture funds, because "Every investor and entrepreneur knows there is something scary about the current startup economy. There is an enormous amount of angel capital available, while at the same time there is a small amount of Series A and a large and concentrated amount of late stage capital... At least nine out of ten ...