Technology blog: Venture capital fund customers are entrepreneurs

Beijing time July 7 Morning news, according to foreign media reports, the United States venture capital investment Fund (Union Square Ventures) partner, one of Twitter investors Frede Wilson (Fred Wilson) in his "A VC" blog in Monday, said The clients of venture capital funds are entrepreneurs. The full text reads as follows: About four years ago, I wrote on this blog, asserting that the clients of venture capital funds are entrepreneurs. At that time I wrote: "The entrepreneur is the client of venture capital fund, the limited partner is the shareholder of venture capital fund." In my opinion, the only way to make venture capital business meaningful.　　"In the latter part of this article, I have explained the rationale for this view." Today I've been talking about it because Mark Anrisen (Marc Andreessen) and Ben Horowitz (Ben Horowitz) made statements to the two new venture capital funds on their blogs yesterday, and I like the comments of two people. In the statement, they listed the eight core values or organizational principles of the newly established Fund, the third of which was: "The full potential of a technology start-up company lies in the entrepreneurial team and its insights." Our first priority as a venture capitalist is to help entrepreneurs build large companies at the core of their ideas to support them. "This view is correct and our task is to provide support for entrepreneurs." The venture capital industry is changing, and new companies with new value are emerging to replace the old ones. I still think the venture capital industry has not broken down, but some of the players in the industry have indeed collapsed. (Tangfeng)