This document discusses trends in venture capital and startups. It notes that there are now 50 times more internet users, online speeds are over 180 times faster, and people are connected everywhere via mobile devices. As a result, companies are growing faster than ever before. Venture capital funds are larger before companies go public, and public startups are more mature with higher valuations and revenues. Late-stage private financing now faces competition from new types of investors. While some see signs of a bubble, the startup growth and value is unprecedented due to new entrants paying high prices. The future holds discussion around new models like crowd-funding and their impact on angels, VCs, and founders.