Venture capital as we know it is history

New York venture capitalist Fred Wilson recently pointed out that the VC industry is at risk of being marginalized by the emerging crowdfunding industry. I agree that the provision of capital for entrepreneurs is about to change in a big way, but my sense is that the change is not going to hurt VCs.

Financial services startup sector continues solid growth (analysis)

The venture-backed financial services industry continues to evolve and grow at a rapid pace as investors continue to fuel industry change. There are several recent VC investment trends in financial services, including trying to capitalize on the social media phenomenon, as well as online services that help later-stage start-ups gain liquidity outside the sometimes difficult IPO process and market.

AmEx’s new local offers pose threat to Groupon

American Express is releasing a new version of its iPhone app today that lets users find offers at nearby businesses. The new feature, dubbed “My Offers,” represents a threat to Groupon, which has tried to entice merchants to market through its mobile product, Groupon Now. (Full disclosure: I have a very small stake in AmEx and a variety of short positions in Groupon.)