When we heard Larry Summers was jumping into the VC game, we just assumed Kleiner Perkins was adding another celebrity to its roster. But it turned out that newbie venture firm Andreessen Horowitz brought on the former U.S. Treasury Secretary as a “part-time special advisor.”
We’re still trying to figure out what a part-time special advisor does, but the more pressing question we have is whether big shots like Summers do anything for a venture firm other than get it mentioned in the press.
Before we start calling these firms to ask our annoying questions, we’d like to know what you, dear reader, have to say.
For example, do you think that U2 lead singer Bono has added value to Elevation Partners, the technology-focused PE firm he co-founded in 2005? It’s not clear to us what Elevation has gotten out of the relationship – besides the fact that Elevation co-founder Roger McNamee’s band, Moonalice, got to open for U2 in Oakland, Calif., earlier this month.
We’re also curious about how Kleiner Perkins has benefitted from its alliances with