The up-and-coming Norwest Partner also predicts VC consolidation and the rise of super angels In the not-too-distant future, Tim Chang sees a brave new world of online “gaming-as-a-service”: cloud-based, free-to-play, frictionless distribution, all monetized through advertising, virtual goods and premium subscriptions. And to help build it, he’s looking to fund everything from a vertical gaming cloud to "Paypal 2.0" microtransaction processing, next-gen publishers, new platforms, service layers, and technology enablers. I spoke with Chang last week outside the Norwest offices on University Ave in Palo Alto. Below are his thoughts on the coming consolidation in the VC world, why he thinks gaming is a bright spot on an otherwise cloudy horizon, and what the new online entertainment utopia will look like. MB: The recession has hit the VC industry hard. People are saying either ...   [ Read more ]