Brook Byers, partner at KPCB, talks about the diversity of the VC industry and uses a biological metaphor to compare the industry to an ecosystem.
Byers talks about the trends in which startups evolved from the mid 90's to the late 90's.
Byers discusses the different ways in which venture capital firms size themselves and makes recommendations on how they should go about investing.
Magic Monday is a meeting day for venture capitalists. Byers talks about the importance of Mondays in venture capitalist organizations.
Byers gives an insight into the decision-making process at Kleiner Perkins on how it makes investment decisions. He advises entrepreneurs on ways to champion starting a selling process in the firm.
Byers believes that entrepreneurs should have a strong resonance with their customers. An acid test for entrepreneurs is to know their audience.
Byers discusses the process and the time that it takes for an entrepreneur to earn a standing to the time when he might get financed.
Byers believes that two to three co-investors is a good set for a young venture. An entrepreneur should balance between the number of investors and their minimum stake in the company.
Byers discusses the number of co-investors one should approach and suggests that while going to investors one should know about their investors very well.
What does Kleiner Perkins perceive to be an ideal team? Byers believes that an ideal team simply comprises of just the essential people.
Byers reveals how Kleiner Perkins develops close working relationships with its teams by following the 'We are all in this together' attitude.
Byers' passion for his work is the driving force behind his success.
Byers talks about how he got involved in the stem cell initiative and its importance to him.
Byers advices graduating students who are budding entrepreneurs to look for a company that will mentor and train them with invaluable experience.