--- title: "Meaning & Key Takeaway of: Historically venture capital funds have…" description: "\"Historically venture capital funds have only allowed elite investors in.\" — Brock Pierce" image: "https://sms4smile.com/quotes/i/b02/brock-pierce-8480_allowed_historically-venture-capital-funds-have_2824363.jpg" --- # Historically venture capital funds have only allowed elite… ![“Historically venture capital funds have only allowed elite investors in.” quote by Brock Pierce](https://sms4smile.com/quotes/i/b02/brock-pierce-8480_allowed_historically-venture-capital-funds-have_2824363.jpg) [Download](https://sms4smile.com/quotes/i/b02/brock-pierce-8480_allowed_historically-venture-capital-funds-have_2824363.jpg) [Open image](https://sms4smile.com/quotes/i/b02/brock-pierce-8480_allowed_historically-venture-capital-funds-have_2824363.jpg) > “Historically venture capital funds have only allowed elite investors in.” [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Venture capital historically limited access to elite investors, restricting broader participation. **In simple terms:** VC is exclusive to elites. Key Takeaway Promote inclusive investment models. Themes finance equity accessibility innovation Mood critical optimistic Type analytical inspirational When to use this quote - startup funding - crowdfunding - policy reform Key Concepts economics entrepreneurship Questions to Reflect On - How can we democratize capital? - What alternatives exist for early founders? A Different Perspective Changing structures can be slow and complex. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Elite](https://sms4smile.com/quotes/about/elite/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) [Venture capital](https://sms4smile.com/quotes/about/venture-capital/) ## Related quotes > [Many of the best firms historically in venture capital have been multi-sector.](https://sms4smile.com/quotes/marc-andreesen/many-of-the-best-firms-historically-in-venture-capital-have-been/) [Marc Andreesen](https://sms4smile.com/quotes/author/marc-andreesen/) > [It doesn't need to be consistently concentrated in these venture-capital funds and things like that.](https://sms4smile.com/quotes/edward-snowden/it-doesn-t-need-to-be-consistently-concentrated-in-these-venture/) [Edward Snowden](https://sms4smile.com/quotes/author/edward-snowden/) > [Most venture capital funds are too short-termist and exit-driven to deal with the highly uncertain and lengthy innovation process.](https://sms4smile.com/quotes/mariana-mazzucato/most-venture-capital-funds-are-too-short-termist-and-exit-driven-to/) [Mariana Mazzucato](https://sms4smile.com/quotes/author/mariana-mazzucato/) > [Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency…](https://sms4smile.com/quotes/jack-reed/hedge-funds-private-equity-and-venture-capital-funds-have-played-an/) [Jack Reed](https://sms4smile.com/quotes/author/jack-reed/) > [ “He sums up the importance and power of business model innovation this way: “I think historically where we \[venture capitalists\] fail is when we… ](https://sms4smile.com/quotes/mark-w-johnson/he-sums-up-the-importance-and-power-of-business-model-innovation-this/) [Mark W. Johnson](https://sms4smile.com/quotes/author/mark-w-johnson/) > [Most existing national capital funds have been built up from royalties from oil and other minerals. They need not be limited that way. Most…](https://sms4smile.com/quotes/guy-standing/most-existing-national-capital-funds-have-been-built-up-from/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [There is always a critical job to be done. There is a sales door to be opened, a credit line to be established, a…](https://sms4smile.com/quotes/georges-doriot/there-is-always-a-critical-job-to-be-done-there-is-a-sales-door-to-be/) [Georges Doriot](https://sms4smile.com/quotes/author/georges-doriot/) > [There's nothing wrong with raising venture capital. Many lean startups are ambitious and are able to deploy large amounts of capital. What differentiates them…](https://sms4smile.com/quotes/eric-ries/there-s-nothing-wrong-with-raising-venture-capital-many-lean-startups/) [Eric Ries](https://sms4smile.com/quotes/author/eric-ries/) > [When you - when you - and this is still going on today - are making your money by pushing paper around, when you…](https://sms4smile.com/quotes/howard-dean/when-you-when-you-and-this-is-still-going-on-today-are-making-your/) [Howard Dean](https://sms4smile.com/quotes/author/howard-dean/) > [When people start talking about venture capital and finances and how to create this and do that, a lot of it, I swear, it's…](https://sms4smile.com/quotes/tony-hawk/when-people-start-talking-about-venture-capital-and-finances-and-how/) [Tony Hawk](https://sms4smile.com/quotes/author/tony-hawk/) > [Harvard and Yale concentrated with venture capitalists that got the best calls and brainpower. Very few firms made most of the money, and they…](https://sms4smile.com/quotes/charlie-munger/harvard-and-yale-concentrated-with-venture-capitalists-that-got-the/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I delivered lectures, and I was also a consultant for international companies in finance, both private equity and big venture capital funds.](https://sms4smile.com/quotes/ehud-barak/i-delivered-lectures-and-i-was-also-a-consultant-for-international/) [Ehud Barak](https://sms4smile.com/quotes/author/ehud-barak/) > [All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.](https://sms4smile.com/quotes/fred-wilson/all-markets-have-boom-and-bust-cycles-and-i-think-venture-capital/) [Fred Wilson](https://sms4smile.com/quotes/author/fred-wilson/) > [“Amidst all the hype and hoopla around this business, I wanted to emphasize the challenge—it is seductive but the failure rate is very high.…](https://sms4smile.com/quotes/mahendra-ramsinghani/amidst-all-the-hype-and-hoopla-around-this-business-i-wanted-to/) Mahendra Ramsinghani > [Unfortunately, 'climate' has become a dirty word - obviously in politics, but even to some degree in my world, in venture capital. People hesitate…](https://sms4smile.com/quotes/evan-williams/unfortunately-climate-has-become-a-dirty-word-obviously-in-politics/) [Evan Williams](https://sms4smile.com/quotes/author/evan-williams/) ## More by Brock Pierce > [As our culture redefines being a gamer, brand partners explore and wait eagerly on a new set of tools to better engage their potential…](https://sms4smile.com/quotes/brock-pierce/as-our-culture-redefines-being-a-gamer-brand-partners-explore-and/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [Facebook has revolutionized social games, as friends can see your points, achievements and in game events.](https://sms4smile.com/quotes/brock-pierce/facebook-has-revolutionized-social-games-as-friends-can-see-your/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [Being able to borrow against one's crypto assets gives one options, when wanting to purchase a property, and aligns with my philosophy that real…](https://sms4smile.com/quotes/brock-pierce/being-able-to-borrow-against-one-s-crypto-assets-gives-one-options/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [When you have to start over from scratch, you can do it very differently than if you have this big thing that's kinda been…](https://sms4smile.com/quotes/brock-pierce/when-you-have-to-start-over-from-scratch-you-can-do-it-very/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [I'm normally running three to 10 meetings at a time. I just pile them all up. I have no schedule and everybody just kind…](https://sms4smile.com/quotes/brock-pierce/i-m-normally-running-three-to-10-meetings-at-a-time-i-just-pile-them/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [When you start working as an Internet entrepreneur, the world is moving at a million miles an hour and is changing rapidly.](https://sms4smile.com/quotes/brock-pierce/when-you-start-working-as-an-internet-entrepreneur-the-world-is/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [Two-thirds of the world's population is unbanked or underbanked. Imagine if you had all your bank accounts shut down today, if you had all…](https://sms4smile.com/quotes/brock-pierce/two-thirds-of-the-world-s-population-is-unbanked-or-underbanked/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [Los Angeles has always been one of America's most entrepreneurial cities, but it is hard to recognize this because of how hardwired, literally, 'entpreneurism'…](https://sms4smile.com/quotes/brock-pierce/los-angeles-has-always-been-one-of-america-s-most-entrepreneurial/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [I guess one of the main things you realize when you work as an entrepreneur is that it's long days, long hours.](https://sms4smile.com/quotes/brock-pierce/i-guess-one-of-the-main-things-you-realize-when-you-work-as-an/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [I care a great deal about humanity! I care. I really care.](https://sms4smile.com/quotes/brock-pierce/i-care-a-great-deal-about-humanity-i-care-i-really-care/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [AngelList Syndicates are perfectly aligned with Bitcoin's ideology. They democratize the system so everyone has access to high value dealflow; it's the power of…](https://sms4smile.com/quotes/brock-pierce/angellist-syndicates-are-perfectly-aligned-with-bitcoin-s-ideology/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [A billionaire is someone who can positively impact a billion lives.](https://sms4smile.com/quotes/brock-pierce/a-billionaire-is-someone-who-can-positively-impact-a-billion-lives/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [From an architecture perspective, Mt. Gox is not an isolated incident. We've had exchanges continually hacked after Mt. Gox. This has been an ongoing…](https://sms4smile.com/quotes/brock-pierce/from-an-architecture-perspective-mt-gox-is-not-an-isolated-incident/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [We're going to rebuild Puerto Rico with money that we saved from the IRS in a Robin Hood fashion.](https://sms4smile.com/quotes/brock-pierce/we-re-going-to-rebuild-puerto-rico-with-money-that-we-saved-from-the/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [Anyone who knows me knows I'm an open book.](https://sms4smile.com/quotes/brock-pierce/anyone-who-knows-me-knows-i-m-an-open-book/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) [Explore all 80 Brock Pierce quotes ](https://sms4smile.com/quotes/author/brock-pierce/) ## More Allowed quotes > [I just think that things should be allowed to run their course, and not turned into a Disney ride.](https://sms4smile.com/quotes/fiona-shaw/i-just-think-that-things-should-be-allowed-to-run-their-course-and/) [Fiona Shaw](https://sms4smile.com/quotes/author/fiona-shaw/) > [There are certain things you must not say in spite of the fact that supposedly democracy means free speech. 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