VC 3.0 and the democratization of venture capital

No longer the province of mostly white men with Ivy league pedigrees, the ‘next-gen VC fund’ more typically resembles the startups in which it invests.

Steve Case, founder of AOL, and early evangelist of ‘rise of the rest’ cities, posited recently in an interview that we are now living in the third wave of the Internet. “First-wave companies like AOL were building the internet, building the on-ramps,” argued Steve. “The second wave was building apps and software on top of the internet —think Facebook. This third wave is when the internet meets the real…