Non-NY investor to me:
– NY deals in venture are massive velocity. As big as London and London “is most of europe”
– But NY firms are not proportionate – many foreign investors (SF, Boston) and many non-VCs like angels and later stage (corporate, hedge funds)
– Yet entrepreneurial activity growing faster than *anywhere* in the West
Let’s say these facts are accurate. I suspect his analysis is based on #s.
What will happen next?
I think Wall St will enter venture. I think this will take many forms.