Concerning Renowned Venture Capitalist Arthur Rock

July 15, 2009

Spencer Ante has posted an article from IBD on legendary VC Arthur Rock (with an investment resume that includes Fairchild Semiconductor, Intel, and Apple, legendary is an appropriate adjective). Rock is a protegé of pioneering venture capitalist Georges “I’ll take an Grade A individual with a B idea over a Grade B individual with an A idea” Doriot. With the venture industry going through a few hiccups at the moment, it’s a great opportunity to take some time and soak up a bit of knowledge from those who’ve “been there, done that” on a grande scale.

Along those same lines, if you haven’t already done so, I highly recommend reading Ante’s “Creative Capital: Georges Doriot and the Birth of Venture Capital“. As it said in Ecclesiastes, “there’s nothing new under the sun”, and so it may behoove those of us on the investor side to remember a bit more of the history of the industry and occasionally look for advice and guidance to those who came before us (try finding active VCs whose careers in venture pre-date the Netscape IPO. They exist, but they’re rare).

Here’s the article:

View this document on Scribd

Additionally, here’s a video of Rock from a talk he gave at the Computer History Museum a couple of years ago:


Quick Plug for Cyril Demaria’s New Blog ‘Private Equity & Finance’

July 14, 2009

I hope everyone is having one hell of a Bastille Day (La fête nationale française)! I just want to call everyone’s attention to the new blog by a fellow HEC alumnus, Cyril Demaria. Cyril’s an accomplished author and one the best French-language writers out there on the subjects of private equity and venture capital. The blog is titled ‘Private Equity & Finance’.  Be sure to check out!

Now go back to enjoying the fireworks.