The Slow Death of the Firm firms exist for two main reasons: to minimize transaction costs and to aggregate capital and people.Creating new products that weren’t possible with firms
**VC is a diversified approach to technology breakthroughs**
[Whatever happened to “venture is hard” ?](https://medium.com/swlh/whatever-happened-to-venture-is-hard-5cebff6d53d3) His conclusion: 12% of VCs are a success. Max.
[The Slow Death of the Firm](https://thecontrol.co/the-slow-death-of-the-firm-1bd6cc81286b) firms exist for two main reasons: to minimize transaction costs and to aggregate capital and people.*Creating new products that weren’t possible with firms*
-micro VCs attached
[http://www.ycombinator.com/](http://www.ycombinator.com/)
[ConsenSys is building blockchain-resident tools to enable all of its projects to be organized, governed, funded and executed on the blockchain.](https://consensys.net/ventures/)
[Fred Wilson’s five lessons for budding venture capitalists are also pretty good life and work lessons](https://qz.com/1089146/fred-wilsons-five-lessons-for-budding-venture-capitalists-are-also-pretty-good-life-and-work-lessons/)
[The Idea Factory: Bell Labs and the Great Age of American Innovation](https://www.amazon.com/Idea-Factory-Great-American-Innovation/dp/0143122797)
[The Innovators: How a Group of Hackers, Geniuses, and Geeks Created the Digital Revolution ](https://www.amazon.com/Innovators-Hackers-Geniuses-Created-Revolution/dp/1476708703)
