The venture capital industry isn't broken

Foundation Capital Charles Moldow views on the financiers of innovationThis year has been one in which the venture capitalists and their business model have been called into question.The venture industry is heading into a perfect storm of problems, according to one writer. Union Square Ventures Fred Wilson says there's a venture capital math problem. A number of venture capitalists have chimed in as a chorus, saying it's broken. Many say there are too many venture capitalists, and that it's not good for America and that the industry is undergoing a substantial reduction in size.Charles Moldow, a venture capitalist at Foundation Capital, weighed in with his thoughts about the venture industry. He doesn't think it's broken, but he doesn't believe it'll change in five years. What will happen between now ... [http://vator.tv/n/ba3 read more]

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