An interesting quote from John Doerr himself, in 1995:

“What it takes is, first, a decision that you want to sustain and build a franchise, which I’m not sure others have made,” Mr. Doerr said. “And second, let […]

Of course Kleiner doesn’t get it.

1) They’ve allowed liberal politics to dictate their investment criteria. Green Tech was a result of their politics, not their market analysis.

2) Their hubris reached […]

Angel investors kill companies. Regularly.

Their worst fault? They prevent new investors from making badly-needed investments when they tap out. Why? To prevent themselves from being crushed […]

Here’s a trick question to ask your friends in the PE and Venture biz: “How much money have you pulled out of China so far?”

I’ve asked that question of Asia investors 100 times and have yet to hear a number […]

GREAT article.

I have worked with hundreds of VC-backed companies over the last 20 years. I can count on two hands the number of VCs who actually added value to their portfolio companies. When they do, it’s […]

Outstanding summation of what’s necessary in a great Board.

After having dealt (as a service provider) with hundreds of boards in 20 years, only 2-3 meet these high standards, and NEVER in public companies. […]

…and this is appearing in PE Hub exactly why?

Free money! Free money!

Go to work as a (non-employee) temp for a reputable company like CMEA, find a good lawyer, then sue for harrassment!

Ambulance-chasing at its worst…

Funny. They seek to make these portfolios much more valuable than they really are. Especially after years of gross neglect, when no effort has been made to improve the value of the asset.

The largest firms […]

“Phases of the Moon”. Pricing collusion is almost a tradition in parts of the VC market – makes sense that PE Firms would do the same.

Like earlier cases, however, it’ll take an insider to corroborate these […]

He accomplished WHAT exactly?

Very confusing that the NVCA would have a conference wonk as its CEO instead of a statured investor as its leader. Over the next 10 years, the VC world will change dramatically, […]

Russell Reynolds to do the search for next CEO? This tells us three things:

- There’s no one who has been developed in the organization for succession
- That the NVCA will revert to another association […]

Oh brother!

It’s pretty clear that KPCB has fallen from the Pantheon. They have made a series of DISASTROUS forays into “alternative energy” and “green tech”, wasting billions of investor dollars with no hope […]

Sorry, Georges, but I disagree.

I estimate that 65% of the GPs in Top 10 VC firms are Democrats. Many support that party with hefty donations and visible support. The Democrats have led the effort to make […]

Great article, Jonathan.

I’m constantly amazed how many lousy VCs and VC firms are still in the market. From my vantage point, perhaps 15% of VCs create 90% of the returns for the asset class.

If you […]

A wonderful article, Georges.

The only thing missing here is the liberal political aspect of this whole train wreck. John Doerr and his partners have been MASSIVE contributors to the most liberal members of […]

Funny – you seem to have left Kleiner off your list. Oooh, that’s right. Kleiner has failed to find a significant outcome for ANY of its failed greentech investments. Has anyone told John Doerr?

Maybe when […]

Astonishing how few investors even take a minute to make 3-4 phone calls to validate the PEOPLE who come with these companies. Not talking about background checks or Kroll reports – just a simple outreach to see […]

GreenTech is a Ponzi scheme, designed by GPs to bleed fees from well-meaning investors.

Tens of billions have been leeched from LPs chasing this feel-good dream. GreenTech has killed VC firms (Mohr Davidow, […]

Outstanding man and outstanding investor.