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Gawker
  • Venture Capital

    Sequoia's Michael Moritz: VCs need to stop with the "hot air and arrogance"

    By Nicholas Carlson, 11:20 AM on Mon May 12 2008, 768 views (Edit, to draft, Top, Slurp)

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    After reading our take on VC blogger Fred Wilson's advice that entrepreneurs need to learn how to "ask for the order," Persai cofounder Ted Dziuba commented: "Methinks Fred Wilson doth blog too much." We disagree, if only because Wilson is such a fruitful source. But at a venture capital conference in San Francisco last week, Sequoia Capital's Michael Moritz seemed to second the notion. "There's a lot of hot air and arrogance in the business that we all would be better off without," Moritz told the conference crowd. Moritz said he disapproved of "useless pontificating in front of entrepreneurs working harder than we are." Kleiner Perkins VC John Doerr concurred: "At Kleiner, we're trying to watch our language." This from the guy who said the Internet was underhyped — and then invested in Friendster. (Photo by b_d_solis)

    More about Michael Moritz

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    I haven't had a chance to read Mr. Evangelism's latest book, Reality Check, but there's a tidy profile of Guy Kawasaki, the Apple marketer turned startup cheerleader, in USA Today.
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    "It's always darkest before it's pitch black"

    Bad times have hit sunnily optimistic northern California. Does it matter if the mayhem on Wall Street had any real connection with the tech-powered Silicon Valley economy? More »
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    Sequoia calls off the boom

    The good times are over, the partners of Sequoia Capital are telling the entrepreneurs they fund. Quite literally: They sent a summons to a summit meeting with a picture of a gravestone with the writing "R.I.P. More »

    Read More: Venture Capital, Michael Moritz, Fred Wilson, John Doerr, Kleiner Perkins, mike moritz, Sequoia Capital, Valleywag
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