The care and feeding of venture capitalists

Thursday, January 26, 2006

Chuck Lawton is one of the most interesting commentators on economic development around. He writes from Maine, and most of his focus is on how his home state can compete more effectively.

Here's a recent comment from his trip to a venture capital conference in Boston. His insights from "The Masters of the Universe" is particularly entertaining and useful. Read more.

(Tom Wolfe's phrase for investment bankers in Bonfire of the Vanities may not apply as well to VCs. Investment bankers operate in a financial economy that, too often, is only loosely connected to the economy for real goods and services. However, venture capitalists will perish if they lose touch with the real economy. At the same time, they often -- as we all do -- get swayed by conceit and fashions.)

posted by Ed Morrison |

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