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Wednesday, April 8, 2009

Irrational Exuberance?

yourmomisnotatestmarketjpgThey say “flat is the new up” and that certainly seems to be the case with the venture capital industry. Though we’ve had two consecutive quarters without an IPO and the venture market is all but frozen, VC optimism is beginning to return. The latest Silicon Valley Venture Capitalist Confidence Index shows a small but noteworthy uptick in the VC community’s views of the entrepreneurial environment in the San Francisco Bay Area.

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Thursday, December 18, 2008

Would You Like Your Calls Forwarded to the Under-The-Desk Line, Mr. Moritz?

Sequoia Capital partner Michael Moritz once argued that “the best time to invest is when people are cowering under their desks.” A pithy little adage, and one that was understood to be emblematic of the healthy optimism and patient money of the venture capital industry and its indefatigable all-trees-grow-to-heaven worldview. It loses a bit of its luster, though, when that healthy optimism and patient money are themselves cowering under the desk.

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About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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