An interesting collection of thoughts on funding and startups from Chris Dixon.

cdixon: Cloud computing arrived, making VC deal terms economic only as growth capital for Internet startups, leaving the early-stage field clear to angels (and bootstrapping).

Deprogramming VC & Reprogramming SWOT

Jesus, Rafer is so smart sometimes. This is the best rendering I’ve seen of a thought I’ve had for a few months. 

(via giantrobotlasers)

Exactly. So now VCs trying to play in the <$1mm range have had to figure out how to scale their operations to make (and contribute value to) many more (smaller) investments than they were 10 years ago.

(via caterpillarcowboy) (via mikehudack)

Generally agree.  Although people have always been the biggest expense in tech startups and the price of great programmers hasn’t gone down.