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September 12, 2013 03:41 am GMT
Today at Disrupt SF, venture capital pioneers Tom Perkins and Don Valentine shared their opinions about what makes a good bet when it comes to choosing companies to fund. As a reminder, Perkins co-founded in 1972 Americas premiere venture capital business, Kleiner Perkins Caufield & Byers, while Don Valentine founded Sequoia Capital in 1972, which then invested in Apple, Atari, Cisco and others. Valentine and Perkins were also interviewed at length in Something Ventured, a documentary that presents the stories of Americas original venture capitalists and the companies they helped form. Prior to becoming VCs, Perkins was HPs first general manager and Valentine was senior sales and marketing executive for Fairchild Semiconductor. But todays panel was mostly about their VC experiences. I feel you invest in the idea because bad people dont have good ideas, Perkins said. Id look at the back pages to see if the numbers were big, and then if they were Id look at the front pages to see what the business was, he continued. Im against all business schools Valentine expressed similar sentiment, but explained that most of what he focuses on is looking for real visionaries, rather than those who simply push the needle forward in more gradually progressive ways. The key to making great investments is to assume that the past is wrong, and to do something thats not part of the past, to do something entirely differently, he said, explaining that he tends to bet only on risk-takers. I asked what was the most outrageous thing youve ever done, knowing in my heart of hearts that id pick the one whod done something most outrageous. Im very discriminate, Valentine added, when Perkins pointed out that he refuses to invest in Harvard Business School graduates. Im against all business schools. Human Resources: The Last Thing Anyone Needs Valentine shared some info about what the right mix for a successful company is, based on his experience, and on what isnt important or what can actually be harmful. Great companies are built with different products by different people [] the last person [needed] is the HR person, he said. Theyre the destroyer of companies. Theyre the ones who write the binders and tell you what everyone gets paid in grade 7. Valentine said that HR is the reason HP missed out on Steve Wozniak , since he didnt fit the identity of what made an
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/140xVjbB-cw/
VC Titans Tom Perkins And Don Valentine Articulate What Makes A Good VC
Today at Disrupt SF, venture capital pioneers Tom Perkins and Don Valentine shared their opinions about what makes a good bet when it comes to choosing companies to fund. As a reminder, Perkins co-founded in 1972 Americas premiere venture capital business, Kleiner Perkins Caufield & Byers, while Don Valentine founded Sequoia Capital in 1972, which then invested in Apple, Atari, Cisco and others. Valentine and Perkins were also interviewed at length in Something Ventured, a documentary that presents the stories of Americas original venture capitalists and the companies they helped form. Prior to becoming VCs, Perkins was HPs first general manager and Valentine was senior sales and marketing executive for Fairchild Semiconductor. But todays panel was mostly about their VC experiences. I feel you invest in the idea because bad people dont have good ideas, Perkins said. Id look at the back pages to see if the numbers were big, and then if they were Id look at the front pages to see what the business was, he continued. Im against all business schools Valentine expressed similar sentiment, but explained that most of what he focuses on is looking for real visionaries, rather than those who simply push the needle forward in more gradually progressive ways. The key to making great investments is to assume that the past is wrong, and to do something thats not part of the past, to do something entirely differently, he said, explaining that he tends to bet only on risk-takers. I asked what was the most outrageous thing youve ever done, knowing in my heart of hearts that id pick the one whod done something most outrageous. Im very discriminate, Valentine added, when Perkins pointed out that he refuses to invest in Harvard Business School graduates. Im against all business schools. Human Resources: The Last Thing Anyone Needs Valentine shared some info about what the right mix for a successful company is, based on his experience, and on what isnt important or what can actually be harmful. Great companies are built with different products by different people [] the last person [needed] is the HR person, he said. Theyre the destroyer of companies. Theyre the ones who write the binders and tell you what everyone gets paid in grade 7. Valentine said that HR is the reason HP missed out on Steve Wozniak , since he didnt fit the identity of what made anOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/140xVjbB-cw/
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