Venture Capital’s Extraordinary Impact on the US Economy

Tomasz Tunguz is a partner at Redpoint Ventures and is an active blogger on all things VC. His blog is well worth a read and gives a real insight into what’s going on in Silicon Valley.

A recent blog of his – The Most Transformational Force in US Society – caught our eye and we wanted to share it with you. Tunguz visualises the extraordinary impact venture capital has had in the United States. As he states, Whatsapp delivers 50% more messages than global SMS volumes and we now have eggless mayonnaise. While the individual impact of a VC-backed startup might look pretty insubstantial in comparison to the enormous US economy, when considered together, the impact of all VC-backed startups is amazing.

To read the full blog click here and to subscribe to Tunguz’s blog click here.