Typical criticism heard of smaller funds

Still, the Founder Collective’s strategy is not without risks. Most important, according to Mr. Greeley, are its inherent limitations. Because they're committed to making only small investments, it’s unlikely the partners will be able to invest in potentially lucrative startups in such cash-intensive industries as clean technology. “There’s a risk in not being able to include companies that require more capital,” he says.

via Revamping the venture capital model – Crain’s New York Business.