Jeremy Levine, partner at Bessemer Venture Partners, is a veteran investor responsible for successful investments in Pinterest, LinkedIn, OLX and other companies. Levine recently shared his forecast for what the venture capital industry can expect in 2013.
He believes that the VC industry has a tendency to over-correct its mistakes. The excessive focus on consumer-oriented Internet businesses over the past several years has reversed and now many VC firms are painting all consumer-focused Internet businesses with the same brush, turning away potentially succesful businesses in the process.
Levine also believes that small-business software is going to be the next “boom” for innovative Web-based technology and software applications. While consumer and mobile apps have dominated the past several years, companies focused on the small-business sector are experiencing tremendous growth.
Read the full article at The Wall Street Journal.
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