> For the complete documentation index, see [llms.txt](https://docs.beecapital.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.beecapital.org/abstract/out-with-the-old.md).

# Out with the old

The traditional venture capital industry is a woefully inefficient system that is shrouded in mystery and secrecy. A group of investors with access to proprietary deal flow spend significant amounts of time raising and deploying capital provided by accredited investors, primarily wealthy entities like endowments, family offices, pension funds, and ultra-high net worth individuals.

Many well-known companies like Facebook, Twitter, Airbnb, Amazon, and others followed the traditional venture capital path and have made many venture capitalists and their investors extremely wealthy.

The average person could not join this exclusive club of accredited investors in financing world-changing companies until recently. However, with the rise of Decentralized Venture Capital (DVC), a blockchain-based venture capital method, the traditional limitations and barriers have been shattered.


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