Eugene Kleiner, co-founder of Kleiner and Perkins which evolved into the tech industry's most famous venture capital company, Kleiner, Perkins, Caufield and Byers, was good at propounding Laws. Kleiner generated many of these Laws which have passed into industry folk-lore, and which now form the set-in-stone tenets for today's VCs all over the world. These are the ten best:
When the money is available, take it. (Kleiner's First law)
There is a time when panic is the appropriate response. (Kleiner's Second Law)
The more difficult the decision, the less it matters what you choose.
Even turkeys can fly in a tornado
.
Make sure the dog wants to eat the dog food.
Risk up front, out early
.
It's easier to get a piece of an existing market than to create a new one.
It's difficult to see the picture when you're inside the frame.
Venture capitalists will stop at nothing to copy success.
Invest in people, not just products.
Rule #11: Always proof-read your blogs.
Ha Ha
But thanks I'll trim it