How Instagram Became A Venture Capital Deal Engine

For decades, venture capital depended on closed networks. Founders needed introductions. Investors relied on private circles. Geography mattered. The strongest deal flow often stayed concentrated around Silicon Valley, New York and a handful of elite startup communities.

Marshall Sandman believes that model is starting to break down. The founder of Animal Capital has spent the last 139 days posting daily videos on Instagram @marshallsandman explaining venture capital in unusually direct terms: fundraising mechanics, dilution, startup mistakes and how investors evaluate businesses. READ MORE