Reading Venture Capitalists

I love reading interviews of great venture capitalists. If they blog even better.

In 2006 I was searching for ‘term sheet’ in Google and found the blog of Brad Feld who had a great blogroll of venture capitalists. I can trace my last 11 year journey investing to that Google search. Now, most great Venture Capitalists blog and or Tweet.

Every day I go through hundreds of feeds to find insights that may help me find and ride trends for the next 10 years.

A couple days ago I read this interview with Steve Jurveston which was great. A couple quotes stood out…

The most important company in 20 years has not even been formed yet.

It’s easy to dismiss this statement saying Apple and Google have not been disrupted but Tesla is now the largest auto manufacturer (market cap) and was a bailout just NINE years ago.

I also loved this riff…

If you could start a new government / country from scratch, what would be most important to leverage from what you’ve learned helping these complex companies thrive? — Rob Phillips

Focus on a constitution that protects the unrepresented and the new entrant. Don’t let the lottery winner write the rules for the lottery. Foster competitive governance, like China did in establishing Shenzhen. Imagine an FDA-free zone. I heard Paul Romer say something interesting about charter cities: “Shenzhen did not exist in 1980. Today it has 10 million people, and the highest income per capita in China. China set up Shenzhen as a place where foreign firms can come in and exploit Chinese labor. They told the people of China, ‘If you don’t like that, don’t go there.’ It was an opt-in city driven by market choice. Now imagine a new city forming with the charter that it will burn no solid or liquid fuel. Or a new city in India founded with the charter that women will be free and they will be safe. If you disagree with these principles, don’t move there.”

While the media gets caught up on the shiny object of the day, there are billions being put to work each year on the next big thing.