The market is ridiculously overcrowded with early stage investors. This results in a talent drain, where the best talent gets diffused and work for their own startups.

He won the Virginia state computer science fair for developing a Web crawler and was recruited by the C. Philanthropy
Parker is an active philanthropist and has raised hundreds of thousands of dollars for cancer research anti-malaria groups charity: water and marijuana legalization. Parker also hosts The TechFellow Awards a partnership between TechCrunch and The Founders Fund that annually gives 20 entrepreneurs $100000 each to invest in startups.

1 billion. As of March 2012 Parker's net worth was estimated to be $2.