I think what the article implies is a growth in numbers and in penetration of "finance" circles. Angel investors, seed funds and accelerators are one thing - t

I think what the article implies is a growth in numbers and in penetration of "finance" circles. Angel investors, seed funds and accelerators are one thing - they are an element of the start-up eco-system. Until quite recently this was a very small niche, and VC has existed for at least 2-3x as long. (And that's just how we now know it, funding for risky ventures is centuries, if not millennia old) The article describes an independent "Micro VC" fund with partners and LPs, but another type would be small corporate funds. I worked at Bloomberg Ventures when it was just starting to figure itself out (now known as Bloomberg Beta) - perfect example of a relatively "small", corporate-backed entity that you could also describe as a "Micro VC". And it's the emergence of these funds, this article highlighting the non-corporate funded ones, that is a noteworthy phenomenon.