- Description
A conversation with Tom Perkins, one of the world's leading venture capitalists about his novel "Sex and the Single Zillionaire".
- Keywords:
- Perkins
- Tom Perkins
- Kleiner
- Caufield & Byers
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Scientella 12/06/2007 12:32 PM Report
This guy is interesting when he talks about his business. Would like to hear more and less about zillionaire hobbies that I cannot relate to.
I think Perkins is a little disingenuous when he says that the credit crunch will NOT affect Venture Capital.
He is a little like the Fed here. He cannot spook the market. However the reality of the situation is that the credit crunch will absorb a lot of that excess VC liquidity just as it has in the housing market. A nice sinkhole for excessl liquidity.
VC provides equity for company. Company finds it difficult to go public OR company finds it difficult to find domestic market in a recession, so company folds. Alikazam. Capital dissappears. VC will decline but just with a few years lag behind the recession.
Watchit.