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	<title>Comments on: Apparently 52.9% of Venture Capitalists are Deluded</title>
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	<description>Mendelson&#039;s Musings</description>
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		<title>By: Anonymous</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-439243</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Sat, 25 Jun 2011 09:37:00 +0000</pubDate>
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		<description>u00a0andu00a0 wait around out the &lt;a href=&quot;http://www.sportsom.com/nike-air-jordan-31-nc&quot; rel=&quot;nofollow&quot;&gt;airu00a0 jordan retro shoes&lt;/a&gt; belonging in the direction of rain, that&#039;s possibly anu00a0 great idea. Flooding is in all likelihood your second-biggest &lt;a href=&quot;http://www.sportsom.com/nike-dunk-high-heels-76-nc&quot; rel=&quot;nofollow&quot;&gt;discount nike dunku00a0 high heels&lt;/a&gt; so don&#039;t playground within of a stressed out area, for &lt;a href=&quot;http://www.sportsom.com/air-jordan-1-heels-70-nc&quot; rel=&quot;nofollow&quot;&gt;air jordan 1 heels&lt;/a&gt; belowu00a0 an overpass. What about that lightning? You&#039;ve possibly noticed at &lt;a href=&quot;http://www.sportsom.com/air-jordan-7-heels-72-nc&quot; rel=&quot;nofollow&quot;&gt;air jordan 7 heels&lt;/a&gt; phaseu00a0 the fact that rubber tires in your car can preserve you from electrocution withu00a0 a instant lightning strike &lt;a href=&quot;http://www.sportsom.com/air-jordan-retro-1-37-nc&quot; rel=&quot;nofollow&quot;&gt;jordan retro 1&lt;/a&gt; becauseu00a0 they work like a ground. That&#039;s not true. The &lt;a href=&quot;http://www.sportsom.com/air-jordan-retro-2-42-nc&quot; rel=&quot;nofollow&quot;&gt;jordan retro 2&lt;/a&gt; byu00a0 itself within another hand can work as what&#039;s recognised as a &quot;Faradayu00a0 Cage,&quot; dispersing the &lt;a href=&quot;http://www.sportsom.com/air-jordan-retro-3-43-nc&quot; rel=&quot;nofollow&quot;&gt;jordan retro 3&lt;/a&gt; demandu00a0 near to the metallic shell belonging in the direction of car. That&#039;s &lt;a href=&quot;http://www.sportsom.com/air-jordan-retro-4-44-nc&quot; rel=&quot;nofollow&quot;&gt;jordan retro 4&lt;/a&gt; ,u00a0 unless you come going to arrive to be touching metallic all through the &lt;a href=&quot;http://www.sportsom.com/air-jordan-retro-5-58-nc&quot; rel=&quot;nofollow&quot;&gt;jordan retro 5&lt;/a&gt; onceu00a0 the strike hits, for example a steering wheel or stick shift. There are reviewsu00a0 of law enforcement officials getting bad &lt;a href=&quot;http://www.sportsom.com/air-jordan-retro-6-45-nc&quot; rel=&quot;nofollow&quot;&gt;jordan retro 6&lt;/a&gt; meltsu00a0 away merely because their squad car was &lt;a href=&quot;http://www.sportsom.com/air-jordan-retro-8-46-nc&quot; rel=&quot;nofollow&quot;&gt;jordan retro 8&lt;/a&gt; evenu00a0 although they have been speaking on their radios.So what&#039;s the unbelievablyu00a0 finest tips for sitting out a &lt;a href=&quot;http://www.sportsom.com/air-jordan-retro-9-47-nc&quot; rel=&quot;nofollow&quot;&gt;jordan retro 9&lt;/a&gt; stormu00a0 within your car? stay all through the vehiclenn</description>
		<content:encoded><![CDATA[<p>u00a0andu00a0 wait around out the <a href="http://www.sportsom.com/nike-air-jordan-31-nc" rel="nofollow">airu00a0 jordan retro shoes</a> belonging in the direction of rain, that&#8217;s possibly anu00a0 great idea. Flooding is in all likelihood your second-biggest <a href="http://www.sportsom.com/nike-dunk-high-heels-76-nc" rel="nofollow">discount nike dunku00a0 high heels</a> so don&#8217;t playground within of a stressed out area, for <a href="http://www.sportsom.com/air-jordan-1-heels-70-nc" rel="nofollow">air jordan 1 heels</a> belowu00a0 an overpass. What about that lightning? You&#8217;ve possibly noticed at <a href="http://www.sportsom.com/air-jordan-7-heels-72-nc" rel="nofollow">air jordan 7 heels</a> phaseu00a0 the fact that rubber tires in your car can preserve you from electrocution withu00a0 a instant lightning strike <a href="http://www.sportsom.com/air-jordan-retro-1-37-nc" rel="nofollow">jordan retro 1</a> becauseu00a0 they work like a ground. That&#8217;s not true. The <a href="http://www.sportsom.com/air-jordan-retro-2-42-nc" rel="nofollow">jordan retro 2</a> byu00a0 itself within another hand can work as what&#8217;s recognised as a &quot;Faradayu00a0 Cage,&quot; dispersing the <a href="http://www.sportsom.com/air-jordan-retro-3-43-nc" rel="nofollow">jordan retro 3</a> demandu00a0 near to the metallic shell belonging in the direction of car. That&#8217;s <a href="http://www.sportsom.com/air-jordan-retro-4-44-nc" rel="nofollow">jordan retro 4</a> ,u00a0 unless you come going to arrive to be touching metallic all through the <a href="http://www.sportsom.com/air-jordan-retro-5-58-nc" rel="nofollow">jordan retro 5</a> onceu00a0 the strike hits, for example a steering wheel or stick shift. There are reviewsu00a0 of law enforcement officials getting bad <a href="http://www.sportsom.com/air-jordan-retro-6-45-nc" rel="nofollow">jordan retro 6</a> meltsu00a0 away merely because their squad car was <a href="http://www.sportsom.com/air-jordan-retro-8-46-nc" rel="nofollow">jordan retro 8</a> evenu00a0 although they have been speaking on their radios.So what&#8217;s the unbelievablyu00a0 finest tips for sitting out a <a href="http://www.sportsom.com/air-jordan-retro-9-47-nc" rel="nofollow">jordan retro 9</a> stormu00a0 within your car? stay all through the vehiclenn</p>
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		<title>By: Anonymous</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-438951</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Wed, 27 Apr 2011 06:59:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php#comment-438951</guid>
		<description> n nWith so many celebrities having babies these days, it is only natural that fashion designers are coming out with fashionable diaper bags. Designers such as Kate Spade, Burberry, DKNY, and many others have released new diaper bags as of late.  &lt;a href=&quot;http://www.guccibagshoppes.com/&quot; rel=&quot;nofollow&quot;&gt;gucci purses&lt;/a&gt; These bags are as stylish as they are useful, and they are enough to make a girl want settle down and start a family.nnnWhile researching this article, I discovered that these bags come in countless shapes and patterns.  They are not only being marketed to new mommies, but to their husbands too!  A company called Diaper Dudes has an awesome collection of bags for sale.  They are simple messenger bag-type designs, with various pockets for diapers, wipes, and baby bottles.  They even come with a padded changing pad.  These bags are available in a distinct camouflage pattern.nnTimi and Leslie diaper bags have been photographed countless times, as of late.  They have almost become as popular as the celebrities that sport them.  Celebrities using these fine products include Hillary Swank, Jennifer Garner, and Faith Hill.  Timi and Leslie have a number of designs available, ranging from backpack-style to smaller purse-like bags.  They also come with matching diaper changing pads, and carrying cases for smaller items.nnIsabella Fiore also has some brilliant designs.  She has been one of my favorite designers for some time now.  She has a diaper bag that would be simply perfect for summer.  It has a bubble-like design printed on it, and it is very colorful and fun.  &lt;a href=&quot;http://www.guccibagsshoppes.com/&quot; rel=&quot;nofollow&quot;&gt;gucci outlet stores&lt;/a&gt; It is approximately 16 inches long, 10 inches high and 6 inches deep.  I love it because it is large enough to accommodate all of your baby&#039;s necessities, but it is no bigger than the average purse. &lt;a href=&quot;http://www.guccibagshoppes.com/gucci-classic-c-87.html&quot; rel=&quot;nofollow&quot;&gt;Gucci Classics&lt;/a&gt; This bag has FUN written all over it!nnCoach is another company that is starting to produce some wonderful products with this demographic in mind.  They, however, &lt;a href=&quot;http://www.coachbagshoppes.com/&quot; rel=&quot;nofollow&quot;&gt;coach bags&lt;/a&gt; have taken things a step further.  Not only do they design and manufacture some wonderful diaper bags, they are now selling baby clothes and toys to match the diaper bags.  What a brilliant and thoughtful innovation! &lt;a href=&quot;http://www.guccibagshoppes.com/gucci-shoulder-bags-c-85.html&quot; rel=&quot;nofollow&quot;&gt;Gucci Shoulder Bags&lt;/a&gt;  All this talk of babies is starting to make me think about starting a family.  Now if only I could meet a decent mannnCathy Feldman always wanted to be a famous supermodel.  When she is not fantasizing about strutting down the runway with her favorite Gucci purse, she writes for designerhandbags101?an online designer handbag resource, with extensive information on Prada Handbags, Gucci Handbags, Vera Bradley Purses and more. </description>
		<content:encoded><![CDATA[<p>n nWith so many celebrities having babies these days, it is only natural that fashion designers are coming out with fashionable diaper bags. Designers such as Kate Spade, Burberry, DKNY, and many others have released new diaper bags as of late.  <a href="http://www.guccibagshoppes.com/" rel="nofollow">gucci purses</a> These bags are as stylish as they are useful, and they are enough to make a girl want settle down and start a family.nnnWhile researching this article, I discovered that these bags come in countless shapes and patterns.  They are not only being marketed to new mommies, but to their husbands too!  A company called Diaper Dudes has an awesome collection of bags for sale.  They are simple messenger bag-type designs, with various pockets for diapers, wipes, and baby bottles.  They even come with a padded changing pad.  These bags are available in a distinct camouflage pattern.nnTimi and Leslie diaper bags have been photographed countless times, as of late.  They have almost become as popular as the celebrities that sport them.  Celebrities using these fine products include Hillary Swank, Jennifer Garner, and Faith Hill.  Timi and Leslie have a number of designs available, ranging from backpack-style to smaller purse-like bags.  They also come with matching diaper changing pads, and carrying cases for smaller items.nnIsabella Fiore also has some brilliant designs.  She has been one of my favorite designers for some time now.  She has a diaper bag that would be simply perfect for summer.  It has a bubble-like design printed on it, and it is very colorful and fun.  <a href="http://www.guccibagsshoppes.com/" rel="nofollow">gucci outlet stores</a> It is approximately 16 inches long, 10 inches high and 6 inches deep.  I love it because it is large enough to accommodate all of your baby&#8217;s necessities, but it is no bigger than the average purse. <a href="http://www.guccibagshoppes.com/gucci-classic-c-87.html" rel="nofollow">Gucci Classics</a> This bag has FUN written all over it!nnCoach is another company that is starting to produce some wonderful products with this demographic in mind.  They, however, <a href="http://www.coachbagshoppes.com/" rel="nofollow">coach bags</a> have taken things a step further.  Not only do they design and manufacture some wonderful diaper bags, they are now selling baby clothes and toys to match the diaper bags.  What a brilliant and thoughtful innovation! <a href="http://www.guccibagshoppes.com/gucci-shoulder-bags-c-85.html" rel="nofollow">Gucci Shoulder Bags</a>  All this talk of babies is starting to make me think about starting a family.  Now if only I could meet a decent mannnCathy Feldman always wanted to be a famous supermodel.  When she is not fantasizing about strutting down the runway with her favorite Gucci purse, she writes for designerhandbags101?an online designer handbag resource, with extensive information on Prada Handbags, Gucci Handbags, Vera Bradley Purses and more.</p>
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		<title>By: chris</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-362429</link>
		<dc:creator>chris</dc:creator>
		<pubDate>Thu, 23 Jul 2009 11:45:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php#comment-362429</guid>
		<description>a really good article, very interesting.. </description>
		<content:encoded><![CDATA[<p>a really good article, very interesting..</p>
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		<title>By: Should Venture Capitalist Sell Out To Secondary Firms? &#124; Mendelson's Musings</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-354986</link>
		<dc:creator>Should Venture Capitalist Sell Out To Secondary Firms? &#124; Mendelson's Musings</dc:creator>
		<pubDate>Mon, 20 Jul 2009 19:04:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php#comment-354986</guid>
		<description>[...] Every once in a while, I read something and go &quot;huh?&quot;&#160; The most recent was the report that 52.9% of venture capitalist think that VC is broken. [...]</description>
		<content:encoded><![CDATA[<p>[...] Every once in a while, I read something and go &quot;huh?&quot;&#160; The most recent was the report that 52.9% of venture capitalist think that VC is broken. [...]</p>
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		<title>By: valto</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-343953</link>
		<dc:creator>valto</dc:creator>
		<pubDate>Fri, 10 Jul 2009 11:36:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php#comment-343953</guid>
		<description>amen - we have been working on &quot;fixing this&quot; for the past year already, and have launched our private beta about a week ago, this gives some hints on what&#039;s comming, but our full vision of the new model will be released by the end of the year. </description>
		<content:encoded><![CDATA[<p>amen &#8211; we have been working on &quot;fixing this&quot; for the past year already, and have launched our private beta about a week ago, this gives some hints on what&#039;s comming, but our full vision of the new model will be released by the end of the year.</p>
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		<title>By: valto</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-343952</link>
		<dc:creator>valto</dc:creator>
		<pubDate>Fri, 10 Jul 2009 11:30:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php#comment-343952</guid>
		<description>I cant resist - this is a perfect comparison to US auto industry when all the big ones were betting on SUVs, Hummers etc. and suddenly the market trend was toward Toyota Prius and the big ones had not taken this in consideration in their plans at all.  
 
Can we say auto industry is broken? Yes and no, depending on who (and in what part of the world) are you asking.. </description>
		<content:encoded><![CDATA[<p>I cant resist &#8211; this is a perfect comparison to US auto industry when all the big ones were betting on SUVs, Hummers etc. and suddenly the market trend was toward Toyota Prius and the big ones had not taken this in consideration in their plans at all.  </p>
<p>Can we say auto industry is broken? Yes and no, depending on who (and in what part of the world) are you asking..</p>
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		<title>By: Jason Mendelson</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-325378</link>
		<dc:creator>Jason Mendelson</dc:creator>
		<pubDate>Sun, 05 Jul 2009 15:42:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php#comment-325378</guid>
		<description>Great Susskind reference.  Yep, it totally works&lt;br /&gt; </description>
		<content:encoded><![CDATA[<p>Great Susskind reference.  Yep, it totally works</p>
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		<title>By: Frank Greces</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-324751</link>
		<dc:creator>Frank Greces</dc:creator>
		<pubDate>Sun, 05 Jul 2009 12:01:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php#comment-324751</guid>
		<description>PS In rereading Susskind&#039;s &quot;The End of Lawyers?&quot;he talks about the &quot;Technology Lag&quot; (the gap between Data Processing and Knowledge Processing); bottom line, we have become very good at using technology to &quot;capture, distribute, reproduce and disseminate information&quot; in the form of data (otherwise known as DP), but now, in addition to all of the points that Jason bulleted above, we are becoming adept at Knowledge Processing, or building (often through entrepreneurial startups) tech platforms that allow us to &quot;analyse, sift through and sort out the mountains of data that we have created&quot;. Think &quot;glue&quot; to use one of Feld&#039;s favorites.  Susskind sums it up by stating that, &quot;when knowledge based technologies allow us more effectively to manage these mountains of data...we will experience a paradigm (shift), moving from a print-based industrial society, to an IT-based information society&quot;....one just need to look at the newspaper industry (another broken model; but that doesn&#039;t mean that we won&#039;t have access to our daily news over coffee every morning, right?) to witness this shift.   
 
F 
F 
 </description>
		<content:encoded><![CDATA[<p>PS In rereading Susskind&#039;s &quot;The End of Lawyers?&quot;he talks about the &quot;Technology Lag&quot; (the gap between Data Processing and Knowledge Processing); bottom line, we have become very good at using technology to &quot;capture, distribute, reproduce and disseminate information&quot; in the form of data (otherwise known as DP), but now, in addition to all of the points that Jason bulleted above, we are becoming adept at Knowledge Processing, or building (often through entrepreneurial startups) tech platforms that allow us to &quot;analyse, sift through and sort out the mountains of data that we have created&quot;. Think &quot;glue&quot; to use one of Feld&#039;s favorites.  Susskind sums it up by stating that, &quot;when knowledge based technologies allow us more effectively to manage these mountains of data&#8230;we will experience a paradigm (shift), moving from a print-based industrial society, to an IT-based information society&quot;&#8230;.one just need to look at the newspaper industry (another broken model; but that doesn&#039;t mean that we won&#039;t have access to our daily news over coffee every morning, right?) to witness this shift.   </p>
<p>F<br />
F</p>
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		<title>By: Frank Greces</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-324715</link>
		<dc:creator>Frank Greces</dc:creator>
		<pubDate>Sun, 05 Jul 2009 11:49:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php#comment-324715</guid>
		<description>Lots of good debate points.  I think the one fact that we need to remind ourselves of is that all business models must evolve or they die.  Top of mind, if we did a sample survey of top execs from many industries today, a majority would tend to admit that their business model is &quot;broken&quot;...just look at Big Auto, Banking, Real Estate, Big Law ;) ... and you will catch my drift here.  I am far from an expert in the VC business model but I do follow some of the trends. Clearly the VC model is evolving, often by choice and sometimes by Darwinism..take a look at what Andreessen and Co. are up to now.....somebody must believe in thier &quot;new&quot; approach to the VC business model (IE a super angel fund approach...yep, what&#039;s old is new again)...&lt;a href=&quot;http://www.businessweek.com/magazine/content/09_28/b4139032324083.htm.&quot; target=&quot;_blank&quot;&gt;http://www.businessweek.com/magazine/content/09_2...&lt;/a&gt; 
 
The VC model will continue to evolve, and a good percentage of the existing funds will not be able to switch gears fast enough...and will crash and burn, while those that do will own a larger part of a &quot;smaller market&quot;....In with the new rules (for the VC biz model) and out with the old... 
 
Rock On, 
 
Frank 
 </description>
		<content:encoded><![CDATA[<p>Lots of good debate points.  I think the one fact that we need to remind ourselves of is that all business models must evolve or they die.  Top of mind, if we did a sample survey of top execs from many industries today, a majority would tend to admit that their business model is &quot;broken&quot;&#8230;just look at Big Auto, Banking, Real Estate, Big Law <img src='http://www.jasonmendelson.com/wp/wp-includes/images/smilies/icon_wink.gif' alt=';)' class='wp-smiley' />  &#8230; and you will catch my drift here.  I am far from an expert in the VC business model but I do follow some of the trends. Clearly the VC model is evolving, often by choice and sometimes by Darwinism..take a look at what Andreessen and Co. are up to now&#8230;..somebody must believe in thier &quot;new&quot; approach to the VC business model (IE a super angel fund approach&#8230;yep, what&#039;s old is new again)&#8230;<a href="http://www.businessweek.com/magazine/content/09_28/b4139032324083.htm." target="_blank">http://www.businessweek.com/magazine/content/09_2&#8230;</a> </p>
<p>The VC model will continue to evolve, and a good percentage of the existing funds will not be able to switch gears fast enough&#8230;and will crash and burn, while those that do will own a larger part of a &quot;smaller market&quot;&#8230;.In with the new rules (for the VC biz model) and out with the old&#8230; </p>
<p>Rock On, </p>
<p>Frank</p>
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		<title>By: just.a.guy</title>
		<link>http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php/comment-page-1#comment-305054</link>
		<dc:creator>just.a.guy</dc:creator>
		<pubDate>Wed, 01 Jul 2009 02:35:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.jasonmendelson.com/wp/archives/2009/06/apparently-529-of-venture-capitalists-are-deluded.php#comment-305054</guid>
		<description>Then you and I have different definitions of &quot;broken&quot;.  If 50+% of VCs think their business is broken, I read that to mean that 50+% of VCs have business models that are unworkable given the assumptions on which they were built.  When the majority of participants in an industry think it is broken, isn&#039;t it broken? 
 
All of that said, if I&#039;m part of a 3-5 person team with a $50-$150mm fund focused on low-cost software and information services companies I&#039;m a very happy camper right now.  But &quot;the industry&quot; (writ large) is not in that position, and is broken. </description>
		<content:encoded><![CDATA[<p>Then you and I have different definitions of &quot;broken&quot;.  If 50+% of VCs think their business is broken, I read that to mean that 50+% of VCs have business models that are unworkable given the assumptions on which they were built.  When the majority of participants in an industry think it is broken, isn&#039;t it broken? </p>
<p>All of that said, if I&#039;m part of a 3-5 person team with a $50-$150mm fund focused on low-cost software and information services companies I&#039;m a very happy camper right now.  But &quot;the industry&quot; (writ large) is not in that position, and is broken.</p>
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</rss>
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