Comments on: It’s Silly to Judge Venture Capitalists Only By How Much They Spend http://blog.redfin.com/blog/2009/04/its_silly_to_judge_venture_capitalists_only_by_how_much_they_spend.html Redfin Corporate Blog Sat, 11 Feb 2012 06:50:21 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Glenn Kelman http://blog.redfin.com/blog/2009/04/its_silly_to_judge_venture_capitalists_only_by_how_much_they_spend.html/comment-page-1#comment-5668 Glenn Kelman Sun, 19 Apr 2009 03:28:36 +0000 http://blog.redfin.com/?p=981#comment-5668 Well thanks for the kind words MDH. I've seen VCs young and old on the look-out for game-changing investments, and I still believe a few will come through! Well thanks for the kind words MDH. I’ve seen VCs young and old on the look-out for game-changing investments, and I still believe a few will come through!

]]> By: MDH http://blog.redfin.com/blog/2009/04/its_silly_to_judge_venture_capitalists_only_by_how_much_they_spend.html/comment-page-1#comment-5667 MDH Sat, 18 Apr 2009 22:16:03 +0000 http://blog.redfin.com/?p=981#comment-5667 Hey Glenn, spot-on. As I was reading your assessment, the company in the back of my mind was Amazon. Audacious, Big, and needed plenty of capital... and you know what? I changed retail forever. Same opportunity exists for dozens of industries which have been mostly left alone because of the scale needed to approach it. I'm sure you appreciate it all to well... as I consumer, I'm rooting for you. Mostly, the problem is one of confidence on the VC-side. Lot's of Jr. partner with loads of capital on-hand? Yes. Confidence on what to do with it?... not so much. Lot's of pucker factor going on. We need some of the old school VC legend types to jump-in with big bold bets (they'll be the ones with the balls to do it)... that will happen, the moment they think we've hit a bottom. Until then, everything will remain on hold. Hey Glenn, spot-on.

As I was reading your assessment, the company in the back of my mind was Amazon. Audacious, Big, and needed plenty of capital… and you know what? I changed retail forever. Same opportunity exists for dozens of industries which have been mostly left alone because of the scale needed to approach it. I’m sure you appreciate it all to well… as I consumer, I’m rooting for you.

Mostly, the problem is one of confidence on the VC-side. Lot’s of Jr. partner with loads of capital on-hand? Yes. Confidence on what to do with it?… not so much. Lot’s of pucker factor going on.

We need some of the old school VC legend types to jump-in with big bold bets (they’ll be the ones with the balls to do it)… that will happen, the moment they think we’ve hit a bottom. Until then, everything will remain on hold.

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