Christensen: Growing VC funds face disruption as they abandon early-stage deals
Clayton Christensen · a16z Podcast | Disruption in Business... and Life · Jan 2, 2019 · at 5:05
Clayton Christensen, Harvard Business School professor and author of The Innovator's Dilemma, explains how large fund sizes push venture capital firms into late-stage private equity, leaving early-stage investing vulnerable to disruption.
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“Venture capital companies themselves become disrupted, because there is so much money. Then, what used to be a really interesting five million dollar deal, as you get so big, five million dollars just doesn't, isn't worth your while. And so, they go, they become later and later private equity players.”
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