Misleading title. Better to use a term such as "venture capital" because "investing" is much broader.
Regarding the article, VCs might get disrupted by a large number of smaller groups pooling together to provide the same amount of massive risk capital. But what will not be disrupted is the need for massive risk capital to fund startups such as Facebook, Twitter, Pinterest, etc. There will be startups with tremendous growth where its monetization engine is non-existent or takes longer to develop and start running.
Regarding the article, VCs might get disrupted by a large number of smaller groups pooling together to provide the same amount of massive risk capital. But what will not be disrupted is the need for massive risk capital to fund startups such as Facebook, Twitter, Pinterest, etc. There will be startups with tremendous growth where its monetization engine is non-existent or takes longer to develop and start running.