The National Venture Capital Association just published a dozen videos offering an overview of various aspects of the industry to better educate Tim Geithner — I mean, anyone wanting to better understand the origins of venture capital and “the unique relationship between venture capitalists and entrepreneurs.”
I just watched a handful of these roughly minute-long montages and found several of them interesting. Others, particularly those featuring some of the biggest, and earliest, names in the business — including Bill Draper (Draper and Johnson, Draper Richards), Pete Bancroft (Bessemer), and Pitch Johnson (Draper and Johnson, Asset Management Co.) — also reminded me of all the great hair in the venture business. Is it not uncanny, how few of these men go bald? No wonder the government thinks VCs have made a pact with the devil.