VC World Returns to Operating Roots

The VC World Returns to Its Operating Roots | TechCrunch: " . . . .Every investor I spoke to believes that we’re headed towards a world where nearly all VCs will have built companies. . . . Reflecting on his own days as an operator, Horowitz tells me that when entrepreneurs “get one out of five things right in a given day”, it’s hard to talk to an investor who simply doesn’t empathize with the complexities of the role. In a way, Horowitz explains, the VC world is going back to its roots in the seventies. Sequoia Capital founder Don Valentine previously founded National Semiconductor, and was an executive at Fairchild Semiconductor. Kleiner Perkins Caufield & Byers’ founder Eugene Kleiner was a founder of Fairchild, while Tom Perkins was an early HP executive. They drew on their operating experience to cultivate and invest in a new generation of entrepreneurs . . . "
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