VCs, Google, Innovation. What can done?

I’ve recently read this article on BusinessWeek about how Google changed the landscape for VCs and innovation. To sum things up, the article states that instead of encouraging innovation, VCs are looking for companies that can fill in some gap in Google’s portfolio (at least the portfolio they think Google is seeking for, since they don’t really tell anyone what they are doing most of the time). This step alone can diminish innovation since less VCs will invest in things that cannot be sold as quickly as possible to Google (or some other one of the big giant such as Yahoo, Amazon, eBay, Microsoft and the rest) [Read More]