Dixon: VC invests only $10B–$20B yearly, smaller than big tech R&D budgets
Chris Dixon · #5 Chris Dixon: The State of Venture Capital · Nov 13, 2015 · at 6:24
Chris Dixon, General Partner at Andreessen Horowitz, discusses the actual scale and economic footprint of the venture capital industry with Shane Parrish.
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“This industry is actually, you know, it gets a lot of attention in the press venture capital, but it's actually a very small industry. So, you know, they're probably, there are a few dozen kind of firms that most people, you know, that, that, that constitute the majority of the industry, maybe a few thousand people work in the industry at the most. The amount of money invested is on the order of like 10 to twenty billion per year, which sounds like a lot, but it's actually smaller than You know, the R&D budget for a lot of, you know, for Apple and Google, for example.”
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