Venture capitalists switch to startups

This is too good to pass up...

Some people who came into the venture business between 1999 and today have observed that no one has made any money, unless you happen to have invested in Google and YouTube,'' said Jon Holman, a venture capital recruiter in San Francisco who works closely with more than 50 firms, including Mayfield Fund and Accel Partners. "Those same people are now saying, `Maybe this will get better, but it may be time to try something else instead.'''

Now what's the definition of insanity? "Doing the same thing over again and expecting to get different results"

And then this:

"I used to sit and nod and think I could fake my way through another meeting with someone,'' said the founder of the online advertising startup. ``As an entrepreneur, I now see you can instantly recognize who doesn't get it, or care.''

Ah Grasshopper, welcome to this side of the table. Remember what Oscar Wilde said "We're all ignorant, just about different things". It takes a team to build a company, one that's in alignment and one that gets lucky occasionaly :)

Link to MercuryNews.com | 12/08/2006 | Venture capitalists switch to startups