So what's up with the surge of the strongest early stage firms jumping so heavily into late stage mega-deal fray? Have the Valley's superstars lost sight of these rules or are the rules changing?
Earlier this year, we wrote a lot about the shift in power at the early stages with the rise of super angels, but you could argue there are far greater ripple effects to this new late stage frenzy. That's not only true for the Valley, it's true for the stock market. And you could argue, those ripple effects are less well-understood.