Traditional venture capital is being shaken up and the number of ongoing funds are dropping. There is a new group between traditional angels and traditional VCs becoming known as super angels. But why? It may be as simple as the typical hold time of a VC (five plus years), the average size of a fund historically a couple hundred million.or more and the risk profile of limited partners are changing dramatically. Returns for investors have been pared down considerably the last 10 years, so an LP's exposure to todays funds are high. The investment criteria of angels and super angels is different, too. They know that IPOs are almost non-existent for young tech companies, and they realize that teaming up with a strategic acquirer can provide some good returns.
Maybe its more singles and doubles versus a grand slam?