Disintermediation is in the air today

Disintermediation is in the air today: Dave Winer on the Venture Capital business:

“Take out the middleman. We don’t need the partners, limited or general, they gum up the works. We need money to start new ventures. Luckily we know the people with the money, they’re the users. And we need people to validate the ideas. Same people, the users.”

Jeff Jarvis on the conference business:

“The conference business is ripe for revolution. If newspapers, TV, magazines, books, reference works, telecommunications, entertainment, retail, real estate, recruiting, and countless other industries are exploding thanks to the internet and the direct connections it enables, then so should conferences. Why shouldn’t we organize our own better conferences on our own terms?”

How to monitor the response to these essays: (Based on an earlier post) If VCs and conference organizers attack the ideas instead of explaining the benefits of their current models, then you know they think the ideas are great.

One thought on “Disintermediation is in the air today

  1. I am not a venture capitalist, instead, I am what is known as an “angel investor” (see my blog entry “On Being an Angel” http://www.lifewithalacrity.com/2006/01/on_being_an_ang.html ). However, this experience does make me reasonably knowledgeable about VC economics and sociology.

    I’ll be the first in line to cheer a replacement for our current methods of venture capital. However, before we can reinvent venture capital and related venture funding methods like angel capital, we also should try to understand better why they behave the way they do. In my opinion almost all of the perceived problems with VCs exist because economic and sociological consequences of their niche.

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