the new entrepreneur

Filed in archive Venture Capital on November 7, 2004

William Reichert from Garage Technology Ventures writes in his AO column about the new type of entrepreneurs that are showing up at VCs actually. It seem the actual situation has reached an equilibrium between capital supply and serial entrepreneurs:

"As the tech world emerges from its long, painful drought, investors hearken back to these standards of entrepreneurship. Gone are the "tourists," as one VC disparaged the dot-com generation. Back are the "old-fashioned entrepreneurs," as another VC referred to them: the gritty company builders who want to create something of lasting value, not just make a quick buck. As my partner Guy Kawasaki puts it, the post-drought generation of risk-averse investors is now more interested in "serial" entrepreneurs who have been there and done that, and less interested in "cereal" entrepreneurs who are still eating Cap'n Crunch for breakfast."