Venture Capitalist Tom Perkins: ‘If There Is No Risk, You Have Already Missed the Boat’
During a recent visit to Wharton’s San Francisco campus, Tom Perkins, co-founder of the fabled Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, talked about risk-taking, his mentor David Packard, the downside of corporate VC, ethically challenged Wall Street, and networking vs. “cronyism,” among other topics.
Content: Thought Leader | Author: Tom Perkins | Source: Knowledge@Wharton | Subjects: Entrepreneurship, Venture Capital
Tom Perkins
Why would anyone good join a high-risk startup? Remember, this is early stage stuff. What you need to do is develop the idea, get the risk out up front, then roll the money in and develop the company. At that point, experienced high-profile executives can be brought in.
Content: Quotation | Author: Tom Perkins | Source: Knowledge@Wharton | Subjects: Entrepreneurship, Venture Capital