Predatory practices exposed With Wall Street melting, public offering disappearing, over-regulation such as Sarbanes Oxley strangling, and bootstrapping igniting, venture capitalism is morphing. Reminiscent of marketers losing control to consumers with the advent of social media, venture capitalists are starting to lose their tight grip over entrepreneurs. Venture capitalism must be reformed. Specifically, the interest of venture capitalists and the interest of entrepreneurs must be realigned, the blockbuster model must be changed, roles must be redefined, compensation must be adjusted, accountability must be enforced, transparency must be introduced, and good work ethics must be promoted. This article is a call to entrepreneurs who create value, to venture capitalists who manage funds, and to limited partners who invest in venture capital funds to come ... [ Read more ]