Peter Kirwan: "Apart from Google, there’s a conspicuous absence of latter-day equivalents to Amazon, eBay and Yahoo! among the lists of VC exits since 2003. ... This isn’t the Great Transition that Tim O’Reilly and his cohorts had in mind in 2005. In the face of the huge market failure created by the Big Media’s encounter with the web, venture capital’s response has been abysmally weak." Read More...