Crazy Entrepreneurs
Business Week: “Michael Moritz, a general partner at Sequoia Capital, has made a lot of money for investors over the years by picking the right entrepreneurs to bet on. He backed the founders of Yahoo, Paypal, and Google, which so far has returned 560 times Sequoia’s original investment. He’s also had his share of dogs, like Webvan. So it was interesting to hear him tell attendees at the IBF Venture Capital Investing Conference in San Francisco last week about Sequoia’s struggles with judging people. ‘We’re very bad at being able to predict human performance,’ he said. He went on to describe some of the maniacs the firm has unwittingly invested in over the years.”
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