Technology innovation on the second half of the chessboard

The venture industry is scrambling to respond. Several established funds, including Sequoia, Khosla, Norwest and Battery, have recently announced by far their largest funds raised to date. Valuations and round sizes have doubled on average in the past five years.

The speed and magnitude with which technology innovation is moving is mind-boggling, even for those of us who have worked at the center of it for decades... read more on TechCrunch