The Bifurcation of Industries

In an article on the Andreesen Horowitz blog, Scott Kupor describes the structural changes occurring in the venture capital industry:

“A ‘death of the middle’ occurs over time as service industries bifurcate into a smaller number of large, fully integrated, full-service institutions on one end and a larger number of smaller, niche-oriented institutions (with a focus on stage, industry, or specialized skillset) on the other.”

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