VC is changing dramatically — what’s a founder to do?

When I moved to Seattle in 2000 and started in venture capital, I read the book “The Silicon Boys: And Their Valley of Dreams,” which told the story of how venture capital drove the innovation ecosystem.

Entrepreneurs toiled day and night in their garages. Venture capitalists discovered these entrepreneurs, writing “small” checks for ownership and partnering side by side to build blue-chip companies. John Doerr of Kleiner Perkins alone backed Intuit, Netscape, Amazon, and Google. READ MORE