It’s true – but I didn’t say it. Pitch Johnson and Reid Dennis did, here in this amazing video clip about the history of venture capitalism, called “Innovation Is Nothing New: 100-Odd Years of Venture Capitalism”. The two pioneers of venture capitalism (with a combined experience of more than 100 years) had shared their views at a Computer History Museum talk on 27 Apr 2005.
Beware: this video is 1 hour 39 minutes long and can get dreary at times. What do you expect from two old fogeys? ^^
Thanks to Jeffrey Paine for sharing the link with us.