You made that point at my website and I not only tagged it as off topic but also as utter nonsense. Since I am not the moderator here, I will demonstrate a little bit more patience. With statistics you can prove […]

I strongly disagree with pretty much every statement Mark makes, and has made. I don’t know how you can defend dismal venture performance and structural economic dysfunction amid an 80% untapped greenfield of […]

Thanks Larry. Not yet, but technology tells me they have read the article. You will need to appreciate that when they do contact me I will help them, rather than spill the beans on a public forum. So, their call […]

Thanks Frank, but I am not a believer in some unrooted conspiracy theory (albeit empirically sometimes tempting).

I know and hear from my sources that most in the venture business really don’t know what to do […]

Not quite Eric. The economics of venture are broken, something you discover only at a certain scale of the asset class.

So, no high hopes for Tom, who most likely was the proverbial turkey in the strong winds […]

Frank,

Thanks for your comments.

Your remarks suggest this VC mediocrity is merely temporal, yet VC has been in a subprime state for 20-years (first in bull, then in bear state). As such it has […]

The problem is the subpriming of risk, which not necessarily in cadence with subprime money. But Venture fails because the economics at its foundation are flawed, and thus government, LPs, VCs and yes, even […]

Despite all of Bill’s downstream arguments we have heard before, can anyone give me an explanation why VC performance is below consumer adoption rate and below corporate performance on innovation?

It’s clear […]

So really Steve, the title of your articles should have read: “How VCs are killing Silicon Valley”, and I’d wholeheartedly agree. Especially since their thesis determines what can be discovered (Einstein).

Georges

If statisticians (like Mark) could rule the world we will end up with regression by economic principle, the one we are facing in venture capital. He makes argument that hindsight extrapolates to foresight, not so […]

Couple of problems with the “recovery” of Venture Capital.

One: VC performance should be indexed based on market pull of innovation, not 100 year old asset classes or indices that are in violation of […]

It is dangerous to confuse the performance of the derivative (venture capital) with the potential of the underlying asset (innovation), especially since venture capital has turned subprime a long time ago. The […]

Upon second read through, it was not Moritz but Pishevar who made that ill-fated comment…

Oh my, I feel sorry for Michael Moritz because he demonstrates by his comment referring to Silicon Valley as a meritocracy that he cannot be the agent of change that makes Venture Capital earn its stripes as an […]

No, the problem with VC is that its financial system is incompatible with the needs of finding the next outlier of innovation and VC has failed miserably to earn the merit of an asset class (except for the […]