I asked 25 VCs/People in tech...

“What do you think is the biggest change happening in venture capital right now?”

Here’s what they said, (notice the common theme):

“The year is 2030. What’s the state of venture capital? Community-driven & collaborative. Lots of super angels, syndicates, rolling funds… I think we’ll see a more diverse group of funders - based off of us raising our own funds than it is taking a traditional route”- @paigefinnn

“Democratization via crowdfunding and the rise of angels; optionality for liquidity via RegA+ and SPACs” - @chriscantino

“The biggest change in Venture Capital right now is the shift of investing outside of Silicon Valley from being the exception to being the norm. Silicon Valley isn’t dead, Silicon Valley is EVERYWHERE.” - @JoshuaBaer

“The biggest change in VC right now is the strengthening of value destroying relationship based investment strategies, and an unabated perpetuation of racism and sexism amongst the most influential funds and individual VCs’, broadly speaking.” - @DelJohnsonVC

“prop with @pipe @harryhurst are doing. funding without dilution” - @VCBrags

“With the changes to FTC guidelines for equity crowdfunding & Reg A+, the democratization of investing will pose a threat to venture capital. It will be important for VC’s to invest in building community & find new ways to add value.” - @jaimeschmidt

“Dedicated content teams will play a larger role in VC as firms attempt to establish themselves as the gold standard in different verticals.” - @brandonthezhang

“Solo GPs & rolling funds leading A’s, the seed investor explosion really pushing up pricing of seed rounds. Overall, there’s a macro shift to investing in biotech happening right now” - @eade_bengard

"Gen Z investors are just starting to enter the VC landscape, and their input on Gen Z companies is becoming more valuable to both founders & established funds. You're seeing more syndicates to get Gen Z on the cap table & Gen Z hires from established funds” - @meaganloyst

“Access. To capital, investors, and knowledge. I’m energized by it, but holy guac — there is way more work to do here.” - @grlalx

“1)liquidity and access coming to private companies via Carta X, Republic and others and 2) the ascension of SPVs to run alongside traditional venture funds. We are seeing huge growth and interest here. Flexibility + liquidity w/o IPO = whole new world!” - @arinewman

“The proliferation of a wide variety of small investors who can invest from $1,000 to $200,000 (individual angels, syndicates, scouts, scout funds, crowdfunding platforms, rolling funds, micro VC funds), which can more easily enable founders to cobble together rounds”- @Besvinick

"Tourist investors from the public markets driving more capital into VC are forcing early stage investors to step up their game...and valuations...accordingly" - @itsmeeraclark

“The biggest change is that anyone can be a “funder” at the early stage. Doesn’t matter if you’re a junior VC, content creator, or a regular person (through CF) - funding startups has never been more accessible.” - @Jai__Malik

“An explosion of capital availability led by @AngelList and @avlok with Rolling Funds. Now, anyone can be a VC. Eventually, everyone will be an investor.” - @chrishlad

“The line between investor and operator is getting blurry” - @JacobyBrandon

“In addition to the democratization of capital (to founders) the democratization of capital to investors. Seeing a rise of new structures (rolling funds), more angel participation in early rounds, as well as more emerging funds under $30MM than ever.” - @A0ddo

“Funding and “value add” at any stage can come from anywhere or anyone - small and large angels, current / former founders, traditional funds, multi-stage funds, hedge funds, crowdfunding., etc.” - @MichaelaHirsh

“The rise of operator/angel funds through rolling funds. We are already seeing an influx of capital into the ecosystem at the earliest stages. This is leading to more non-traditional investors + founders getting backed. Which is freaking awesome.” - @SamaraMHernandz

“Many investors are waking up to the fact that capital is a commodity and community is a competitive advantage. Successful VCs will find or build community, that have shared values, and create more opportunity for people who’ve been traditionally shut out of VC.” - @DSox

“Anyone is able to spot early stage startups just by logging onto twitter, which will deploy break down VCs “proprietary moats” by average everyday people. The internet is democratizing early stage deal flow pretty much.” - @Mat_Sherman

“Empowering women leads to lasting change.  The “new normal” of sustainable investing in a more diverse and prosperous startup ecosystem for all.” - @brookessinclair (from article)

“Thanks to being remote-first, the velocity at which we meet with companies has accelerated, in turn accelerating the fundraising process as a whole. This means founders can spend more time building companies than raising money” - @CorinneMRiley

"In my mind there's a surprising combination of both increasing democratization and stratification. The number of young, successful emerging investors is growing rapidly, but the top decile of investors are continuing to usurp power and influence in the industry." - @ben_grosse

“With SPACs and Equity Crowdfunding, the VC model is getting disrupted.

SPACs are disrupting late stage VC.

Equity Crowdfunding is disrupting early stage funding.” - @michaelwmarra

Crowdfunding, rolling funds, and an explosion of micro-VCs has increased the amount of capital sources at the early stage. While this is the biggest change in my world (which is pre-seed / seed VC), I think the biggest upcoming change for the industry is secondaries - @galeforceVC

Adding @BaronDavis to the thread:

"I think venture is going to have to figure out what they bring to the table. It’s not going to be about money. It will be about intent and purpose. POC will have their goto place and places to get funding." - @BaronDavis