A couple of months back, I moderated a venture capital panel at the Nantucket Conference, which is an invite-only gathering of technology entrepreneurs and investors. It was a great group, including Brad Feld (Foundry Group), Josh Kopelman (First Round Capital), Jo Tango (Kepha Partners) and Eric Hjerpe (now with Kepha, but an official free agent at the time).

Highlights included each panelist telling which firm they’d join if their’s didn’t exist, Josh comparing troubled portfolio companies to train fires and Brad’s argument that the survival of venture capital as an asset class is mostly irrelevant to his business.

Conference organizer Scott Kirsner has sent over the audio for your listening pleasure, so apologies for all my uhhs, umms and slightly-manic opening:

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