Thematic vs Thesis Driven Investing | The Industry Standard

As the venture business has grown and matured, many firms have developed specific areas of focus. Our firm, Union Square Ventures, for example only invests in web services. I believe this is a good thing for both the investors in venture funds, called LPs, and the entrepreneurs. But there are a number of ways that firms can execute their focus on a particular area. Two of the most popular are "th