The modern venture capital industry, popularly referred to as “VC”, is known for leading early-stage investments in some of the most innovative ideas of the 20th and 21st century. But for an industry that’s been so successful at backing innovators, the industry itself has done very little to innovate…until recently.

The modern venture capital (VC) industry emerged when two venture capital firms were founded in the wake of World War II: American Research and Development Corporation (ARDC) and J.H. Whitney & Company.

Investors that have put their faith – and hard-earned dollars – in Chinese growth equities over the past few years can likely relate to this saying as Beijing has unleashed a series of rolling regulatory initiatives aimed at Chinese tech companies.

One of the unexpected, world-defining events of the past year has been the global shortage of semiconductor chips.