When Sequoia Capital announced late last month it was changing its fund structure, some viewed the shift as revolutionary—with even the firm itself calling the old VC model of 10-year funds “obsolete.”
However, while the change in the tried-and-true method of doing business in the venture world is noteworthy, it also in many ways seems like just the next logical step in the continued growth of an asset class that has become increasingly large and institutionalized. READ MORE