Will traditional investment banks suffer the same fate as movie studios?
What I mean by that is the evolution of the internet has made everything localized. With all these tech startups, I think we will see a decline in the traditional dominance of mega-corps. Just look at what happened to Hollywood studios and its decline due to the internet. We are already seeing a decline in the finance industry after 2007 and the breakup of a few big banks. Specialized boutiques are definitely on the rise and a large portion of the funding in the tech sector is now being done by local firms on Sand Hill Road.
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