venture capital paradigm shift

peter rip talks about why traditional vc approaches and strategies don't work anymore. i especially like the way he talks about valuations and exits, and some simple math surrounding these key points in a vc and entrepreneur's careers. he finishes up by describing two strategies he thinks would work best in a world with too much capital.

once bitten, twice shy? you'd think that makes sense, especially if being bitten means losing out on millions of dollars. not so in the vc community. post-dot-com-bust there's more money from institutional investors than before, more funds created by vc firms, and in turn more access to capital for entrepreneurs. all you need to do is make the most of it. efficiently.