Adviser to the Director General of the Analytical Center Yuri Ammosov predicts a fast end of venture capital industry. According to the expert, because of the emerging crowdfunding mechanisms, the most of the venture funds will be pulled out of the market, followed by the direct investments industry.
The main blow to capital mobility will occur on the market of private equities and venture capital
The mobility of capital and its impact on the state of today's economy is presented in the report titled "Four Mobilities: a challenge for the World and Russia in 2015-2030", submitted by the Analytical Center at the 11th Economic Forum in Krasnoyarsk. The authors of the report analyzed the long-term global trends in innovation: labor mobility, capital mobility, product mobility, education mobility. According to experts, these factors are capable to achieve economic and social revolution in their fields.
The second mobility highlighted in the report, - the mobility of capital. We do not mean it as a geographical characteristic, since money have the ability of to rapidly enter national markets and immediately leave the country. It's about crowdfunding - the mechanisms that can greatly accelerate the movement of capital from investors to issuers of securities (investment recipients), reducing the distance between them. The main blow to capital mobility will occur on the market of so-called alternative investments - private equities and venture capital in all its forms, said Yuri Ammosov.
More on why this modest scale phenomenon called crowdfunding is viewed by the authors as a future destroyer of entire segments of financial markets - in the article “The end of venture industry: only 15 years remaining” on Slon.ru.