If you read alot of the VC blogs, I don’t have to tell you that there is universal link love for the new blogger and veteran Web start-up founder Mark Andreessen. The love may be because his posts are full of useful information and insight from an experienced entrepreneur. But the exuberance and quantity of the adulation may arise from a secondary motivation……..
With sites trying to rate VC’s , level the playing field between entrepreneurs and VC’s, alternative investment approaches , entrepreneurial minimalism , books like Founders at Work and many other stories of “Vulture Capitalists” showing the negative side of the VC world, the VC’s were over joyed to have someone portray them in a positive light. An inspiration to the saintly toilers…….
“We should not only be thankful that we live in a world in which VCs exist, we should hope that VCs succeed and flourish for decades and centuries to come, because the companies they fund can do so much good in the world — and as we have seen, a lot of the financial gains that result flow into the coffers of nonprofit institutions that themselves do huge good in the world.”
Maybe they were starved for affection. In any case I imagine that the reality exists somewhere between gushing adulation and the experiences of this panel.