More than 300 investors met at the 500 Startups' Premoney Conference held in San Francisco today. The entrepreneur backers debated on how to release the industry's potential.

Speaker Josh Kopelman, the managing director of First Round Capital, told the audience, "The biggest change in venture capital has been increasing the carry from 20% to 30%." He also told the investors that his firm utilizes manpower to create its Yelp and Quora inspired private platform for initial round companies.

Kopelman told the investors to serve their backed entrepreneurs better, along with Google Ventures, and Upfront Ventures. 

Startups now require fewer funds to operate and the source of initial funding is greatly available to them. The number of angel investors, accelerators, and crowdfunders have increased amidst the shift to expansion of services.

"If you want to look for new opportunities for investing, then look at the things founders complain about," said Y Combinator founder Paul Graham.  "If reputable investors would be willing to buy as much stock as the founders wanted to sell (they) would be well positioned. It's going to happen, so a venture capital firm might as well anticipate it and look bold," he explained.