Dayhoff Soundtrack: Venture Capitalist Forced To Defend Only Making 31,200% Return

Friday, April 27, 2012

Venture Capitalist Forced To Defend Only Making 31,200% Return

http://kevindayhoff.blogspot.com/2012/04/venture-capitalist-forced-to-defend.html

As a venture capitalist who really-really understood it when CODY WILLARD wrote the following for the Wall Street Journal’s Market Watch – “The Cody Word”:

“So Web Bubble 2.0 is at a place where journalists and pundits and people who have never written huge venture capital checks and seen it evaporate less than a year later (note: I have) are criticizing someone who has just turned a quarter of a million into three quarters of a hundred million…”

Mr. Cody’s piece, “How to profit on this Apple stock bubble” - http://blogs.marketwatch.com/cody/2012/04/25/how-to-profit-on-this-tech-bubble/ - is an interesting read…

On top of the whole newly minted national discussion on venture capitalists that at times has caused my head to spin and spew pea soup through my nose…

“Apparently I’m supposed to be angrier over what former Massachusetts Governor and venture capitalist Mitt Romney does with his money than what President Barack Obama does with mine…”

Venture Capitalist Forced To Defend Only Making 31,200% Return

How to profit on this Apple stock bubble

April 25, 2012 COMMENTARY By CODY WILLARD

I saw something recently that blew my mind and I need to share with you. A venture capitalist having to defend making a 31,200% return — in two years.

Seriously, read this post from Ben Horowitz, Netscape founder Marc Andreeseen’s investing partner. They were seed investors in Instagram, recently sold for $1 billion to Facebook… http://blogs.marketwatch.com/cody/2012/04/25/how-to-profit-on-this-tech-bubble/

[…]

Mr. Horowitz goes on to layout an ethical dilemma that prevented his fund from participating in a follow-on round (sidebar: if you’re getting your MBA right now, I require that you read this). But here’s the point I want to make:

When someone is attacked for turning $250,000 into ‘only’ $78 million, we are in an enormous bubble.

Hat Tip: Venture Capitalist Forced To Defend Only Making 31,200% Return http://www.huffingtonpost.com/2012/04/26/venture-capitalist-forced_n_1455132.html?ref=topbar

Labels: Bus Econ, Bus Econ 2012, Bus Econ Apple, Bus Econ Venture Capitalists, Business Econ Hedge Funds, Facebook, People Romney Mitt

*****