David Snow, CEO of Privcap, gave a presentation arguing that private equity is evolving like other maturing industries: - The largest private equity firms are continuing to raise more funds and consolidate their dominance in the market. - Private equity participants are increasingly using the internet to conduct business functions like reporting, storing data, and conducting due diligence. - Technological innovations will disrupt and change the private equity market in ways that increase transparency, standardization, and access to data and capital. These changes will make private equity more accessible and efficient.