Editor's note:?Editor's note:?Mike Hirshland is the founder of?Resolute.VC, a seed-stage venture capital firm. Prior to?Resolute, he was a General Partner with?Polaris Venture Partners?where he led the creation of Dogpatch Labs as well as Polaris's investments in companies including Automattic (WordPress), Quantcast, KISSmetrics and Q1 Labs (IBM). Follow him on his Resolute.VC blog?and?Twitter. ? Back in the ?old days? (as in 5 or 10 years ago) the very definition of a seed investment was investing before any product had been built or prototyped. Since then, the ability to build a startup on far less capital has made seed investing less risky. But, oddly, it seems that seed investors have become more risk averse.Source: http://feedproxy.google.com/~r/Techcrunch/~3/fk9B8FXn96c/
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