Mr. Rimer said there was “no question” that “there are more folks putting money to work at earlier-stage investments than, say, 10 years ago.”
New players have been successful partly because they have been more willing to put money into companies outside Silicon Valley, especially in China, where start-up success stories have been abundant over the last decade, Cambridge Associates said in a report last fall.
http://www.nytimes.com/2016/03/14/techn ... p=cur&_r=0