Imagine a future where Venture Capital Firms see Entrepreneurs as their clients. Ask your client and put company founders in the driving seat is exactly what Change.vc is aiming for.

The call to action movement was launched today, targeting the entrepreneurial community and other stakeholders of the start-up and scale-up ecosystem, in order for them to voice their opinion on the traditional venture capital industry. Change.vc wants to identify the main pain points of the entrepreneurial community with respect to the current VC offering through a short survey and propose changes that lead to a new generation of VCs. Let´s change VC together. Take the survey at www.change.vc

Past years have suggested that something needs to change within the Venture Capital industry. Since 2003 the industry has not performed. The average Net IRR of European VC firms has been negative. Only 2013 has seen some recovery.

Source: Thomson Reuters

Source: Thomson Reuters

Furthermore during the same time period VCs have experienced new competition. Disruptive concepts have been introduced, such as accelerator programs, crowdfunding, venture building, media for equity, venture debt and several others. Pure investment capital has become a commodity. These trends coupled with the result of a recent study by vcwithme.co revealed that more than 40% of entrepreneurs would not recommend to work with Venture Capital Firms due to their arrogance and unpersonable business approach, suggest that something needs to be changed. in 2014 Ryan Caldbeck of Circleup described 5 traits that VC should embrace: integrity, stop hunting only for unicorn startups, be on time, respect what you don´t know and say no – but actually say it. There are many valuable opinions within the startup ecosystem. Its time to listen and start the change.

Change.vc is an international call to action movement powered by ACTIVE Venture Partners in partnership with Tech.eu, Unquote, Global Corporate Venturing, Foundum, Deutsche Startups, ArcticStartup, VCStartups, Rude Baguette, Loogic, Novobrief, Challengers, WhiteBull, Hamburg Startups and Barcelona Tech City.