Take Me to Your Google
"Paul Graham, an essayist and programming language designer, has an interesting essay about the 'venture capital squeeze.'
To summarize, he says VCs have found themselves in competition with acquirers, with Google first on the list. Companies like Google have realized they can acquire a company early, and bypass venture capitalists. Graham proposes VCs, in response, should let entrepreneurs partially 'cash out' early, so that the entrepreneur's interests are aligned with the long-term huge results that VCs crave. "
Read more in this SiliconBeat summary article or read the Paul Graham essay The Venture Capital Squeeze.
