I can’t wait to have an opportunity to pitch to the new generation of VCs as Dave Winer and Robert Scoble define them.
I really like Dave’s idea of re-focusing the investment methodology of the VCs from VC company focused to user value focused. Ironically, I think as a general rule if your investment philosophy is to focus on what users want and need (building real value in the free market) then you would make far more money than a short sighted pump and dump. The other myth is that this approach necessarily takes longer to return or grow your investment.
The other part I really liked was what Robert describes, but dosn’t necessarily say–a virtual VC community. Could you imagine how much more powerful a VC community, as Robert describes, would be for a new venture than getting capital from and overworked bunch of MBAs that only have a dozen people on staff to apply against a $1 billion dollar fund and raising and fully investing the next fund?
Well guys, if you want a hand in starting the VC community I willing to roll up my sleeves as a citizen VC.