The new world of startup finance is very strange. Private equity is increasingly dipping down to finance startups. Meanwhile, venture capital funds are being forced to use every financial tool imaginable to stay involved in the growing pool of late-stage startups. PWC’s most recent MoneyTree report for Q2 2016 underscores this point. One fund, Lighter Capital, is trying to get ahead of the trend, before the availability of early-stage capital hits an inflection point. The ava

“Software is eating the world,” veteran digital entrepreneur Marc Andreessen quipped a few years back. Today’s boards are getting the message. They have seen how leading digital players are threatening incumbents, and among the directors we work with, roughly one in three say that their business model will be disrupted in the next five years. In a 2015 McKinsey survey, though, only 17 percent of directors said their boards were sponsoring digital initiatives, and in earlier M