This is an interesting bit: >> The lean startup methodology, the accelerators and the standardised term sheets for investments are all signs that the knowledge

This is an interesting bit: >> The lean startup methodology, the accelerators and the standardised term sheets for investments are all signs that the knowledge required to run a startup is becoming codified and commoditised. This has tilted the balance of power between investors and entrepreneurs, he writes. “Investors have won, and their dealings with the entrepreneur class now look far more like the dealings between management and labour.”