Proprietary Deal Flow is Dying

The Next VC land grab is evaluating investment opportunities at scale

For decades, Venture Capital Funds have been pitching “proprietary deal flow” as one of the top reasons LPs should invest in their funds. Their networks — scouts, entrepreneurs, investors, venture partners, and employees — could not be replicating by anyone. And this was important because deal flow is tied to performance as VCs invest in <1% of deals they see. The more deals, and higher quality deals, VCs see should translate into higher performance.

But now, the concept of…