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Digg"If it cost $10 million to start a technology company 10 years ago and $1 million four years ago, today it's come down to $100,000," David S. Rose, chairman of New York Angels, tells Behind the Money.
While that makes it easier for entrepreneurs to test their concepts, it also makes it harder for venture capitalists to operate as early-stage investors.
That's why some VCs are getting into the micro-investment business, the traditional turf of angels like Rose. First Round Capital's Josh Kopelman, identified by Tech Confidential recently as one of today's rising VC stars, epitomizes the micro-funding approach, Rose says. He reports that of the last six investments by New York Angels, four have had VCs as co-investors. - Mary Kathleen Flynn
See Sept. 13 special report from Tech Confidential
- Video: Chris Coyne on 'red shoes for the rest of us' and investing beyond the bottom line
- CA provides exit for Benchmark
- 2008 breaks 31-year record for VC-backed IPOs
- Q&A: "We have always been way too arrogant," says RRE's Jim Robinson on VCs
- Video Flashback 2008: Union Square's Fred Wilson on low burn rates
