Disintermediation Operations Term Sheet 
Growthink Blog
MAY 14, 2014
These high fees obviously eat away at returns, and more profoundly are in contrast to the “disintermediation spirit” so at the heart of modern technology investing. Little discussed in most venture fund models are the high costs of deal sourcing, diligence, and oversight. Do Like Warren Does.
David Teten
SEPTEMBER 6, 2015
Teten: How is the corporate VC model evolving: in how they interact with portfolio companies or the operating side of their organization? Urs Cete, the Head of Bertelsmann Digital Media Investments , notes, “If you think you can provide just money, you will be disintermediated.”. No one wants terms that negatively impact the outcome.
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