Great post from Seth Levine at Foundry in response to the WSJ article yesterday on Young Venture Capitalists. His key message – it’s DRIVE, not age that give VC’s young an old an advantage.
My favorite excerpt:
“I may be over-generalizing but in my world view there are Old School VCs and New School VCs. Old School VCs are partners/firms that prefer to sit back in their offices, have entrepreneurs come to them, invest only in their back yard and show up at monthly board meetings to offer their wisdom. New School VCs are out in the technology community, seek out new trends and companies, engage with the tech ecosystem (both start-ups and more established companies), invest where their investment focus takes them, aren’t afraid to travel and generally work significantly harder than the stereotype of a venture capitalist. The former aren’t necessarily old, they’re just old school. Likewise the latter aren’t necessarily young, they just aren’t resting on their laurels (or don’t have them yet).”
robgo:
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