Big-name investors such as Reid Hoffman and Michael Moritz are pulling back, creating room for a new generation of tech power brokers.

Read More Computers and the Internet, Start-ups, Venture Capital, Entrepreneurship, Artificial Intelligence, Mergers, Acquisitions and Divestitures, Banking and Financial Institutions, Andreessen Horowitz, Greylock Partners, Index Ventures LLP, Sequoia Capital, Hoffman, Reid Garrett, Jordan, Jeffrey (1959- ), Moritz, Michael Jonathan, Gurley, Bill