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A new model is emerging for VC’s. As noted in this Industry Standard article, Benchmark Capital, a prominent VC in the Silicon Valley who funded ebay back in the day, has been hiring “entrepreneurs in residence”. These people are entrepreneurs who reside at the VC while looking for business ideas. Once the entrepreneur finds something that they want to pursue, the VC has first shot at funding the project.

I think the model is interesting, but I wonder if this might narrow the the opportunities, as VC’s look more within its existing network for opportunities, and if the unknown entrepreneur might find it more difficult to gain VC’s attention. Time will tell.