• I respect Bill Draper the 3rd who came to Silicon Valley in 1959 to join the West Coast’s first venture capital firm. But preaching about more cooperation in Silicon Valley is promoting investment socialism, where we need the opposite: deployment of investment risk driven by anarchy, so it matches groundbreaking innovation. Out with subprime risk, in with investment merit.
• The second half of 2010 scored 23 IPOs according to VentureDeal. $2.5B in Capital, 9 deals priced at above $100M. Get the report here.

Tags: Venture Capital, Venture Capital performance