venture capital with a human face

Filed in archive Venture Capital on May 12, 2004

Dispatches has a good portrait and analysis of Garage Technology Ventures :

"First of all, Garage understands that highly experienced, highly successful entrepreneurs are disadvantaged when it comes to cultivating dramatic technological innovation. By their very nature, the early stages of a breakthrough are frought with uncertainty. Consequently, highly regarded entrepreneurs face higher risk in such situations than do two guys in a dorm room. On a risk adjusted basis, it makes more sense for experienced entrepreneurs - who have more to lose financially and reputationally - to lead the exploitation of existing technologies than speculatively develop new technologies."