Diversify venture capital and nurture innovation

24 September 2012

MILPITAS, Calif.–I had an insightful meeting here the other day with Brett Fox, a recovered venture capitalist who is running the analog components startup, Touchstone Semiconductor.

Fox is a longtime analog guy (Maxim mostly) who spent some time as VC. His assessment of VCs as a group is critical (arrogant, egotistical, etc.) but he also understands the VC value, since his company is funded by venture capital. He understands that it’s not only about the money but about the mentoring.

In a piece in the MIT Technology Review, venture capitalist Fred Wilson (Foursquare, Twitter) talks about the “collapse” of venture capital. In the interview, he makes a point worth pondering:

“So when six white guys in suits control two and a half billion dollars, that’s not a good thing.”

Wilson was saying that the problem is concentration, not too much money looking for good returns. But maybe the bigger challenge is diversity. He was referring to a single VC firm in his example, but the venture capital industry writ large is mostly guys, mostly white (a few Indians perhaps). Mix that up, and you stir the innovation pot.

 

mwuevbakn December 10, 2012 at 10:21 am

Vote -1 Vote +1

Admiring the persistence you put into your site and detailed information you present. It’s awesome to come across a blog every once in a while that isn’t the same outdated rehashed information. Excellent read! I’ve saved your site and I’m including your RSS feeds to my Google account [url=http://www.thenorthfacepinkribbonoutlet.org/]Homepage[/url].

Leave a Reply

*Required

* * *
CAPTCHA Image

*

New Products From Avnet

  • HP 3PAR StoreServ 7000

    The world’s most advanced storage platform has extended its midrange offerings, delivering effortless, efficient, bulletproof, and future proof storage to the entire midrange. Store all of your data on a single system that supports advanced features, such as storage federation and automated tiering, and which enables you to start small and grow without disruption.

  • Advantech RISC Computing Platforms

    UBC-DS31 is powered by a Freescale ARM Cortex-A9 i.MX6 dual core processor, with 1GB DDR3 memory & 4GB flash onboard. It has 2D and 3D graphics built in, and supports dual displays with up to 1080p high resolution output on low power consumption.

The Way Back Machine

The Way Back Machine

Connect With Us

Find us on Facebook

Follow us on Twitter