Don’t Be Late

Entrepreneurs have two common gripes about meetings with venture capitalists: (1) They are often late. (2) They spend most of the meeting looking at, or typing on, their Blackberry.  

Well, it seems Sequoia Capital is trying to do something about the former. The Silicon Valley powerhouse requires staffers to make a $100 charitable donation when late to an entrepreneur meeting — even if it’s only by a minute (no word on who keeps time).

Wow. If other VC firms followed suit, it could become one of the nation’s most well-capitalized charitable endeavors… I can only imagine what would happen if there also were penalties for Blackberry addiction…