Venture to Nowhere
Forbes Magazine dated January 12, 2009: by Rebecca Buckman, 12.25.08
The swashbuckling risk takers in venture capital have been laying giant eggs for a decade. Could this finally be Sand Hill Road’s day of reckoning?
Three years ago Venture Capitalist Timothy Draper graced the cover of a financial-industry trade magazine wearing a wide grin and a Captain America costume. Draper, the tagline said, had joined the “League of Extraordinary VCs” for his smart investments in Chinese search service Baidu and free PC phone service Skype. Both picks earned Draper’s firm, Draper Fisher Jurvetson, and one of its affiliates millions in profits. Read more.