Sequoia's Michael Moritz: VCs need to stop with the "hot air and arrogance"
Nicholas Carlson · 05/12/08 10:20AMAfter reading our take on VC blogger Fred Wilson's advice that entrepreneurs need to learn how to "ask for the order," Persai cofounder Ted Dziuba commented: "Methinks Fred Wilson doth blog too much." We disagree, if only because Wilson is such a fruitful source. But at a venture capital conference in San Francisco last week, Sequoia Capital's Michael Moritz seemed to second the notion. "There's a lot of hot air and arrogance in the business that we all would be better off without," Moritz told the conference crowd. Moritz said he disapproved of "useless pontificating in front of entrepreneurs working harder than we are." Kleiner Perkins VC John Doerr concurred: "At Kleiner, we're trying to watch our language." This from the guy who said the Internet was underhyped — and then invested in Friendster. (Photo by b_d_solis)