- The cost to build startup technology companies has declined dramatically, and today has less up-front capital expenditure because of the advent of cloud-based, pay-as-you-go technologies.
- While it's cheaper to enter the market, it takes more money today to win the market, due to the much bigger size of the end-user markets. Kupor highlights the growth and opportunity in mobile technologies to make his point.
It's a good article especially when read in context with Suster's article.
Link to Kupor post: http://a16z.com/2014/07/25/why-the-structural-changes-to-the-vc-industry-matter/
Link to Suster post: http://www.bothsidesofthetable.com/2014/07/22/the-changing-structure-of-the-vc-industry/